Bank Julius Baer & Co. Ltd Zurich Sells 388,740 Shares of The Home Depot, Inc. $HD

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 44.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 485,812 shares of the home improvement retailer’s stock after selling 388,740 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Home Depot were worth $178,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HD shares. Robert W. Baird decreased their target price on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Bank of America decreased their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Telsey Advisory Group dropped their target price on shares of Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Argus cut their target price 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. Finally, Oppenheimer raised their price target on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Twenty-one equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $409.72.

Insider Activity

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 value of $974,445.36. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 3.3%

HD stock opened at $343.22 on Monday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. 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 company has a market cap of $341.64 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The business’s 50-day simple moving average is $385.34 and its 200 day simple moving average is $381.29.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared 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. This represents a $9.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

About Home Depot

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.