Thrivent Financial for Lutherans Trims Stock Position in The Home Depot, Inc. $HD

by · The Markets Daily

Thrivent Financial for Lutherans lowered its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 5.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 709,651 shares of the home improvement retailer’s stock after selling 44,416 shares during the period. Home Depot comprises about 0.6% of Thrivent Financial for Lutherans’ portfolio, making the stock its 17th largest holding. Thrivent Financial for Lutherans’ holdings in Home Depot were worth $260,203,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in Home Depot during the second quarter valued at approximately $4,885,603,000. Laurel Wealth Advisors LLC grew its stake in shares of Home Depot by 36,207.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after purchasing an additional 10,049,029 shares during the period. Valeo Financial Advisors LLC increased its holdings in shares of Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock valued at $1,663,768,000 after purchasing an additional 4,510,944 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Home Depot by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after purchasing an additional 1,494,615 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock worth $3,391,240,000 after buying an additional 1,494,261 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HD shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $424.00 price objective on shares of Home Depot in a report on Wednesday. DA Davidson dropped their target price on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research report on Wednesday. UBS Group set a $430.00 price target on Home Depot in a research note on Wednesday. Robert W. Baird lowered their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Finally, Daiwa Capital Markets dropped their price objective on Home Depot from $399.00 to $348.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $401.17.

Get Our Latest Research Report on Home Depot

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction on 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. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Up 0.6%

Shares of Home Depot stock opened at $359.52 on Monday. 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 Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The firm has a market capitalization of $357.90 billion, a PE ratio of 24.51, a P/E/G ratio of 13.40 and a beta of 1.06. The firm’s 50-day moving average price is $368.34 and its 200 day moving average price is $379.38.

Home Depot (NYSE:HD – Get Free Report) last announced its 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). The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates 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 was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Home Depot Company Profile

(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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