Peterson Wealth Services Decreases Stake in The Home Depot, Inc. $HD

Key Points

• Peterson Wealth Services cut its stake in The Home Depot by 93.4% in Q3, selling 14,601 shares and leaving 1,030 shares worth about $417,000.
• Home Depot reported Q3 EPS of $3.74 (missing the $3.83 consensus) while revenue of $41.35B topped estimates, and it set FY2025 guidance at 14.478 EPS versus analyst expectations around 15.13.
• Insiders sold 4,963 shares (~$1.75M) over the last quarter, and the company pays a quarterly dividend of $2.30 ($9.20 annualized, ~2.4% yield).

Peterson Wealth Services lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 93.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,030 shares of the home improvement retailer's stock after selling 14,601 shares during the quarter. Peterson Wealth Services' holdings in Home Depot were worth $417,000 as of its most recent SEC filing.

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

Home Depot Stock Up 1.0%

NYSE:HD opened at $378.27 on Tuesday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a market cap of $376.57 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 13.96 and a beta of 1.08. The stock has a fifty day simple moving average of $360.52 and a 200-day simple moving average of $379.13. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts' consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the previous year, the company posted $3.78 earnings per share. The company'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. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot's payout ratio is presently 62.71%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HD shares. Bank of America reduced their price objective on Home Depot from $450.00 to $430.00 and set a "buy" rating on the stock in a research note on Wednesday, November 19th. Telsey Advisory Group dropped their target price on Home Depot from $430.00 to $410.00 and set an "outperform" rating for the company in a report on Wednesday, December 10th. Morgan Stanley increased their price target on Home Depot from $395.00 to $412.00 and gave the company an "overweight" rating in a report on Thursday, January 15th. Argus lowered their price target on Home Depot from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Thursday, November 20th. Finally, DA Davidson dropped their price objective on shares of Home Depot from $430.00 to $407.00 and set a "buy" rating for the company in a research note on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average price target of $404.50.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 145 shares of the firm's stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot 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 owned 13,196 shares of the company's stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 over the last quarter. 0.10% of the stock is owned by corporate 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.

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