GDS Wealth Management Buys 2,249 Shares of The Home Depot, Inc. $HD

GDS Wealth Management boosted its position in The Home Depot, Inc. (NYSE:HD) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,784 shares of the home improvement retailer’s stock after acquiring an additional 2,249 shares during the quarter. Home Depot accounts for approximately 1.2% of GDS Wealth Management’s portfolio, making the stock its 29th largest holding. GDS Wealth Management’s holdings in Home Depot were worth $18,146,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sagard Holdings Management Inc. bought a new stake in Home Depot in the 2nd quarter worth approximately $29,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot during the second quarter valued at approximately $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the second quarter worth approximately $35,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $38,000. Finally, Marquette Asset Management LLC bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $383.63 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The firm has a market cap of $381.91 billion, a P/E ratio of 26.15, a P/E/G ratio of 14.30 and a beta of 1.08. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The firm has a 50-day moving average of $356.03 and a 200-day moving average of $378.53.

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 analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter in the prior year, the firm earned $3.78 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid 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 yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Analyst Ratings Changes

Several research firms recently commented on HD. Oppenheimer reduced their target price on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a report on Friday, December 5th. Daiwa Capital Markets upped their price target 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. DZ Bank reiterated a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Guggenheim dropped 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. Finally, Wolfe Research raised their price target on Home Depot from $414.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Twenty-one investment 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 MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $404.50.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction 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 sale, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction 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. This trade represents a 17.87% 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 quarter. 0.10% of the stock is owned by company 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.