Associated Banc Corp Sells 327 Shares of The Home Depot, Inc. $HD

Associated Banc Corp lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,593 shares of the home improvement retailer’s stock after selling 327 shares during the quarter. Associated Banc Corp’s holdings in Home Depot were worth $9,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

Shares of HD opened at $336.93 on Tuesday. The business’s 50-day moving average is $383.62 and its two-hundred day moving average is $381.09. The company has a market capitalization of $335.37 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio is currently 62.71%.

Analyst Ratings Changes

Several analysts have recently commented on HD shares. Robert W. Baird decreased their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Citigroup reduced their target price on Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday. The Goldman Sachs Group decreased their price target on Home Depot from $444.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Morgan Stanley lowered their price target on Home Depot from $430.00 to $395.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Finally, Guggenheim decreased their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Twenty-one research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $409.72.

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.