Level Four Advisory Services LLC Boosts Stock Position in The Home Depot, Inc. $HD

by · The Cerbat Gem

Level Four Advisory Services LLC increased its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,299 shares of the home improvement retailer’s stock after purchasing an additional 1,224 shares during the quarter. Level Four Advisory Services LLC’s holdings in Home Depot were worth $14,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot during the second quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA purchased a new stake in Home Depot in the second quarter worth $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the second quarter valued at $35,000. Global X Japan Co. Ltd. purchased a new position in Home Depot during the 2nd quarter valued at $40,000. Finally, GFG Capital LLC bought a new position in Home Depot in the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $356.14 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The business’s 50 day moving average price is $379.77 and its 200-day moving average price is $380.66. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $436.36. The stock has a market cap of $354.49 billion, a P/E ratio of 24.19, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s payout ratio is currently 62.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HD. Bank of America cut their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. The Goldman Sachs Group cut their price objective on Home Depot from $444.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Guggenheim decreased their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Truist Financial set a $379.00 target price on Home Depot in a research note on Tuesday, November 18th. Finally, Wells Fargo & Company reduced their price target on Home Depot from $435.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Twenty-two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $404.60.

Check Out Our Latest Analysis on HD

Insider Activity

In related news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

About Home Depot

(Free Report)

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.

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