Southeast Asset Advisors LLC Has $2.58 Million Stock Holdings in The Home Depot, Inc. $HD

Southeast Asset Advisors LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 38.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,026 shares of the home improvement retailer’s stock after buying an additional 1,950 shares during the quarter. Southeast Asset Advisors LLC’s holdings in Home Depot were worth $2,576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Brighton Jones LLC grew its holdings in shares of Home Depot by 36.5% in the 4th 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. United Bank grew its stake in Home Depot by 14.9% in the first quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock valued at $1,841,000 after purchasing an additional 653 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Home Depot by 0.5% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 27,708 shares of the home improvement retailer’s stock worth $10,155,000 after purchasing an additional 151 shares in the last quarter. Beacon Bridge Wealth Partners LLC raised its stake in shares of Home Depot by 2.4% during the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 1,690 shares of the home improvement retailer’s stock worth $620,000 after purchasing an additional 39 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV boosted its holdings in shares of Home Depot by 7.3% in the 1st quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 10,077 shares of the home improvement retailer’s stock valued at $3,693,000 after buying an additional 685 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 1.9%

NYSE HD opened at $336.93 on Tuesday. The business has a fifty day moving average price of $383.62 and a two-hundred day moving average price of $381.09. The stock has a market capitalization of $335.37 billion, a PE ratio of 22.89, a PEG ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same quarter in the prior year, the business earned $3.78 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio is currently 62.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of Home Depot from $430.00 to $395.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. DA Davidson set a $430.00 price target on Home Depot in a research report on Wednesday, November 19th. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research report on Tuesday, November 18th. TD Cowen dropped their price target on Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Finally, Argus reduced their price objective on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Twenty-one investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $409.72.

Insider Transactions at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.