Birch Financial Group LLC Has $5.65 Million Position in The Home Depot, Inc. $HD

Birch Financial Group LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 203.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,936 shares of the home improvement retailer’s stock after purchasing an additional 9,342 shares during the quarter. Home Depot accounts for 3.3% of Birch Financial Group LLC’s portfolio, making the stock its 5th biggest holding. Birch Financial Group LLC’s holdings in Home Depot were worth $5,647,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HD. Vanguard Group Inc. grew its stake in shares of Home Depot by 1.5% in the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after acquiring an additional 1,494,615 shares during the period. State Street Corp boosted its holdings in Home Depot by 0.7% in the second quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock worth $16,871,246,000 after purchasing an additional 300,352 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Home Depot by 1.4% in the second quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock worth $8,394,611,000 after purchasing an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Home Depot by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock worth $5,341,724,000 after purchasing an additional 153,582 shares during the period. Finally, Norges Bank purchased a new stake in Home Depot during the 2nd quarter valued at $4,885,603,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.7%

Home Depot stock opened at $383.63 on Friday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The firm has a market capitalization of $381.91 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 14.20 and a beta of 1.08. The firm has a 50 day moving average of $356.03 and a 200 day moving average of $378.45. 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 posted its quarterly earnings results 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 firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president directly 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 Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,963 shares of company stock worth $1,748,845 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. BNP Paribas Exane lifted their price objective on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Zacks Research downgraded Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. TD Cowen upped their price target on shares of Home Depot from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley raised their price objective on shares of Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $404.50.

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.