J.W. Cole Advisors Inc. Cuts Stock Position in The Home Depot, Inc. $HD

J.W. Cole Advisors Inc. reduced its position in The Home Depot, Inc. (NYSE:HD) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,368 shares of the home improvement retailer’s stock after selling 2,763 shares during the quarter. Home Depot comprises approximately 0.5% of J.W. Cole Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. J.W. Cole Advisors Inc.’s holdings in Home Depot were worth $26,891,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sagard Holdings Management Inc. acquired a new position in shares of Home Depot during the second quarter valued at about $29,000. LFA Lugano Financial Advisors SA acquired a new position in Home Depot during the 2nd quarter valued at approximately $32,000. Dougherty Wealth Advisers LLC purchased a new position in shares of Home Depot in the third quarter worth $38,000. AXS Investments LLC purchased a new position in shares of Home Depot in the third quarter worth $38,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of Home Depot during the third quarter worth $38,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Angie Brown sold 1,946 shares of the firm’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 transaction, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. This represents a 33.06% 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 90 days. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HD. Gordon Haskett cut their target price on Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Morgan Stanley boosted their price target on Home Depot from $395.00 to $412.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. TD Cowen increased their price objective on Home Depot from $410.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Piper Sandler decreased their target price on Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, Evercore ISI cut their price target 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. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $404.50.

Home Depot Stock Up 0.8%

HD stock opened at $380.97 on Wednesday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The firm’s fifty day moving average is $361.11 and its 200 day moving average is $379.28. The firm has a market cap of $379.26 billion, a PE ratio of 25.97, a P/E/G ratio of 13.50 and a beta of 1.08.

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

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Home Depot 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.