Biltmore Family Office LLC Grows Stake in The Home Depot, Inc. $HD

Biltmore Family Office LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 75.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,049 shares of the home improvement retailer’s stock after acquiring an additional 3,469 shares during the quarter. Biltmore Family Office LLC’s holdings in Home Depot were worth $3,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HD. Mainstay Capital Management LLC ADV purchased a new position in shares of Home Depot during the 2nd quarter worth $263,000. WealthPlan Investment Management LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth $1,149,000. Tower View Wealth Management LLC raised its holdings in Home Depot by 4.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after purchasing an additional 671 shares during the period. Shell Asset Management Co. lifted its position in Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after purchasing an additional 15,002 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Home Depot by 0.3% during the second quarter. Boston Trust Walden Corp now owns 42,376 shares of the home improvement retailer’s stock valued at $15,537,000 after purchasing an additional 127 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on HD shares. Wolfe Research raised their price objective on Home Depot from $414.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. Citigroup reduced their target price on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a report on Friday, November 21st. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Evercore ISI dropped their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Finally, Daiwa Capital Markets raised their price objective on shares of Home Depot from $348.00 to $360.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $404.50.

Insider Activity

In related news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares in the company, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% 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 90 days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.7%

Shares of HD opened at $383.63 on Friday. The firm has a market cap of $381.91 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 14.30 and a beta of 1.08. 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 1 year low of $326.31 and a 1 year high of $426.75. The company has a 50 day simple moving average of $356.03 and a two-hundred day simple moving average of $378.53.

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 return on equity of 160.74% and a net margin of 8.77%.The company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same period last year, the firm posted $3.78 EPS. Home Depot’s quarterly revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed 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. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

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.