The Home Depot, Inc. $HD Stock Position Raised by Amundi

Amundi increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 11.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,903,550 shares of the home improvement retailer’s stock after acquiring an additional 790,476 shares during the period. Home Depot comprises 1.0% of Amundi’s investment portfolio, making the stock its 10th biggest position. Amundi owned approximately 0.79% of Home Depot worth $2,938,935,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HD. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot in the second quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA purchased a new position in Home Depot in the 2nd quarter valued at approximately $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the 2nd quarter valued at approximately $35,000. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot in the second quarter worth $40,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Home Depot during the second quarter worth $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HD shares. Weiss Ratings lowered Home Depot from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Oppenheimer lifted their price objective on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. DA Davidson set a $430.00 price objective on Home Depot in a research report on Wednesday, November 19th. Robert W. Baird reduced their target price on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Finally, Evercore ISI decreased their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $403.93.

Home Depot Stock Performance

Shares of HD opened at $350.66 on Friday. The company has a market capitalization of $349.09 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 6.31 and a beta of 1.06. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $436.36. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The stock has a 50 day moving average price of $374.17 and a 200 day moving average price of $379.93.

Home Depot (NYSE:HD) last released 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). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same period in the previous year, the business posted $3.78 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. 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 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 dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Insider Activity at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $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 accessible through this link. Company insiders own 0.10% of the company’s stock.

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.