ABN Amro Investment Solutions Buys Shares of 20,005 The Home Depot, Inc. $HD

ABN Amro Investment Solutions purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,005 shares of the home improvement retailer’s stock, valued at approximately $7,335,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legend Financial Advisors Inc. bought a new position in shares of Home Depot during the 2nd quarter worth about $28,000. LFA Lugano Financial Advisors SA acquired a new stake in Home Depot during the second quarter worth about $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot during the second quarter valued at about $35,000. Global X Japan Co. Ltd. acquired a new position in Home Depot in the 2nd quarter valued at approximately $40,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HD shares. Wolfe Research began coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective on the stock. Mizuho lifted their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lowered their price target on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a report on Monday. Oppenheimer raised their price objective on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. Finally, Wells Fargo & Company lowered their target price on shares of Home Depot from $450.00 to $435.00 and set an “overweight” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.00.

Insider Buying and Selling

In other news, EVP Angie Brown sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.9%

HD stock opened at $370.87 on Thursday. The business has a fifty day moving average price of $395.17 and a 200 day moving average price of $381.75. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock has a market capitalization of $369.16 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the previous year, the company posted $4.60 EPS. Home Depot’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

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.