MCF Advisors LLC Boosts Holdings in The Home Depot, Inc. $HD

MCF Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 23.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,938 shares of the home improvement retailer’s stock after acquiring an additional 1,674 shares during the quarter. MCF Advisors LLC’s holdings in Home Depot were worth $3,621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sagard Holdings Management Inc. bought a new position in Home Depot in the second quarter valued at $29,000. LFA Lugano Financial Advisors SA bought a new stake in Home Depot during the second quarter worth about $32,000. Dougherty Wealth Advisers LLC bought a new stake in Home Depot during the third quarter worth about $38,000. AXS Investments LLC bought a new position in shares of Home Depot during the 3rd quarter valued at about $38,000. Finally, Marquette Asset Management LLC purchased a new stake in Home Depot in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’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 sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,963 shares of company stock valued at $1,748,845. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.7%

HD opened at $385.01 on Friday. The company has a market capitalization of $383.28 billion, a PE ratio of 26.24, a PEG ratio of 13.75 and a beta of 1.08. 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’s 50 day simple moving average is $362.81 and its two-hundred day simple moving average is $379.56. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share 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 for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the prior year, the firm earned $3.78 EPS. Home Depot’s revenue for the quarter 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. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders 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 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. HSBC lowered their price target on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Jefferies Financial Group reissued a “buy” rating and issued a $424.00 target price on shares of Home Depot in a research note on Wednesday, December 10th. BNP Paribas Exane raised their price target on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Evercore cut their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $413.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $404.47.

About Home Depot

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.