The Home Depot, Inc. $HD Stock Position Decreased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 43.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 596,655 shares of the home improvement retailer’s stock after selling 460,772 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.06% of Home Depot worth $241,759,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot in the second quarter worth about $28,000. Sagard Holdings Management Inc. purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $29,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $32,000. Dougherty Wealth Advisers LLC acquired a new position in Home Depot in the 3rd quarter worth approximately $38,000. Finally, Marquette Asset Management LLC purchased a new position in Home Depot during the 3rd quarter worth approximately $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on HD shares. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 29th. Morgan Stanley increased their price objective on Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a research note on Thursday. Oppenheimer decreased their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research report on Friday, December 5th. Wells Fargo & Company dropped their target price on Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Finally, Stifel Nicolaus reduced their price target on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, December 1st. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $403.17.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction 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 completion of the sale, the executive vice president owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,963 shares of company stock valued at $1,748,845 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $380.34 on Tuesday. 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 Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The business’s 50-day moving average price is $355.04 and its two-hundred day moving average price is $378.25. The company has a market capitalization of $378.63 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 14.16 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior 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 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s payout ratio is currently 62.71%.

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.