Braun Stacey Associates Inc. Acquires 3,039 Shares of The Home Depot, Inc. $HD

Braun Stacey Associates Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,986 shares of the home improvement retailer’s stock after purchasing an additional 3,039 shares during the period. Braun Stacey Associates Inc.’s holdings in Home Depot were worth $23,090,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Centerpoint Advisory Group grew its position in shares of Home Depot by 0.8% during the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after buying an additional 26 shares during the period. Disciplined Investors L.L.C. boosted its stake in Home Depot by 2.3% during the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after acquiring an additional 26 shares during the last quarter. Brio Consultants LLC grew its holdings in Home Depot by 4.7% during the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after purchasing an additional 26 shares during the period. Emprise Bank grew its holdings in Home Depot by 0.8% during the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after purchasing an additional 26 shares during the period. Finally, Client 1ST Advisory Group LLC increased its stake in Home Depot by 1.5% in the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock valued at $688,000 after purchasing an additional 27 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.5%

HD stock opened at $345.87 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The stock has a market capitalization of $344.32 billion, a P/E ratio of 23.58, a P/E/G ratio of 12.88 and a beta of 1.08. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The business has a 50-day moving average of $357.16 and a 200-day moving average of $377.64.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the previous year, the firm posted $3.78 EPS. The company’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HD shares. Jefferies Financial Group reissued a “buy” rating and set a $424.00 price target on shares of Home Depot in a research report on Wednesday, December 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 price objective on shares of Home Depot in a research note on Monday, November 24th. Argus decreased their target price on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Royal Bank Of Canada lowered their price target on Home Depot from $376.00 to $366.00 and set a “sector perform” rating for the company in a report on Wednesday, December 10th. Finally, Oppenheimer dropped their price target on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research report on Friday, December 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $402.10.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. This represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by insiders.

Home Depot 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.