Archford Capital Strategies LLC Reduces Position in The Home Depot, Inc. $HD

Archford Capital Strategies LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 35.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,842 shares of the home improvement retailer’s stock after selling 3,219 shares during the quarter. Archford Capital Strategies LLC’s holdings in Home Depot were worth $2,367,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HD. Brighton Jones LLC grew its stake in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Quarry LP boosted its holdings in shares of Home Depot by 440.6% in the first quarter. Quarry LP now owns 519 shares of the home improvement retailer’s stock valued at $190,000 after purchasing an additional 423 shares during the period. Betterment LLC boosted its holdings in shares of Home Depot by 21.1% in the first quarter. Betterment LLC now owns 1,546 shares of the home improvement retailer’s stock valued at $567,000 after purchasing an additional 269 shares during the period. EP Wealth Advisors LLC grew its stake in Home Depot by 10.2% in the first quarter. EP Wealth Advisors LLC now owns 82,166 shares of the home improvement retailer’s stock worth $30,113,000 after purchasing an additional 7,631 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its holdings in Home Depot by 8.7% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 87,456 shares of the home improvement retailer’s stock worth $32,053,000 after purchasing an additional 6,996 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Brokerages give HD a consensus rating of “Moderate Buy,” which supports investor confidence and could help limit downside. Consensus Rating “Moderate Buy”
• Positive Sentiment: Home Depot’s pro-market exposure should strengthen after SRS Distribution’s acquisition of GMS adds roughly $900M in quarterly sales to the pro channel, boosting FY25 outlook and recurring revenue from professional customers. Home Depot Expands Pro Market With GMS and SRS Pairing
• Neutral Sentiment: HD is drawing elevated investor attention and search interest; heightened focus can increase volatility (both buying and selling) around company news and earnings. HD Attracting Investor Attention
• Negative Sentiment: A consumer/ad story has triggered negative press and selling pressure (“You Killed Us” headline), suggesting brand/reputation risk that could affect traffic or sentiment in the near term. TipRanks: Ad Backlash Story
• Negative Sentiment: An EVP (Teresa Wynn Roseborough) disclosed a sale of ~2,872 shares late last week, trimming her stake — insider selling can be interpreted negatively by some investors even if for personal reasons. Insider Sale Filing
• Negative Sentiment: Pomerantz LLP announced an investigation into Home Depot on behalf of investors, signaling potential securities litigation risk that could increase costs, distraction and downside volatility. Pomerantz Investigates

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. Guggenheim lowered their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, November 20th. DZ Bank reissued a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. Wolfe Research increased their price objective on shares of Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $424.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. Finally, DA Davidson lowered their target price on Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $402.10.

Home Depot Stock Down 0.3%

NYSE:HD opened at $346.23 on Wednesday. The company’s 50 day moving average is $359.69 and its two-hundred day moving average is $377.96. The company has a market cap of $344.68 billion, a PE ratio of 23.60, a P/E/G ratio of 12.94 and a beta of 1.06. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. Home Depot’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is currently 62.71%.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president owned 13,196 shares in the company, valued at approximately $4,599,069.92. This represents a 17.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,963 shares of company stock worth $1,748,845 over the last three months. 0.10% of the stock is currently owned by insiders.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.