Carson Advisory Inc. Acquires 23,701 Shares of The Home Depot, Inc. $HD

Carson Advisory Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 363.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,215 shares of the home improvement retailer’s stock after purchasing an additional 23,701 shares during the period. Home Depot makes up about 6.6% of Carson Advisory Inc.’s holdings, making the stock its largest holding. Carson Advisory Inc.’s holdings in Home Depot were worth $12,243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Brighton Jones LLC raised its stake in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC raised its position in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares in the last quarter. Ignite Planners LLC raised its position in Home Depot by 0.7% in the 2nd quarter. Ignite Planners LLC now owns 6,526 shares of the home improvement retailer’s stock valued at $2,346,000 after purchasing an additional 47 shares in the last quarter. Croban acquired a new position in shares of Home Depot during the second quarter worth about $416,000. Finally, Matrix Asset Advisors Inc. NY increased its stake in shares of Home Depot by 1.8% during the second quarter. Matrix Asset Advisors Inc. NY now owns 47,617 shares of the home improvement retailer’s stock worth $17,458,000 after buying an additional 846 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HD. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 target price on shares of Home Depot in a research note on Monday, November 24th. Robert W. Baird reduced their target price on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Truist Financial set a $405.00 target price on Home Depot in a research report on Friday, January 16th. Telsey Advisory Group reduced their price objective on Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Finally, Wolfe Research decreased their price objective on Home Depot from $415.00 to $414.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $407.23.

Home Depot Trading Up 0.2%

Shares of HD stock opened at $391.03 on Friday. The company has a market capitalization of $389.27 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 13.94 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 business’s 50 day moving average is $366.16 and its two-hundred day moving average is $379.98. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly 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). The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis 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%.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction 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 in the company, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,963 shares of company stock valued at $1,748,845 in the last three months. 0.10% of the stock is currently 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.