The Home Depot, Inc. $HD Shares Sold by Axa S.A.

Axa S.A. decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 49.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 313,419 shares of the home improvement retailer’s stock after selling 301,342 shares during the period. Axa S.A.’s holdings in Home Depot were worth $114,912,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in Home Depot in the second quarter valued at about $1,027,000. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Home Depot in the second quarter valued at about $206,000. Fayez Sarofim & Co grew its stake in shares of Home Depot by 4.0% in the second quarter. Fayez Sarofim & Co now owns 684,271 shares of the home improvement retailer’s stock valued at $250,881,000 after buying an additional 26,473 shares in the last quarter. Sagard Holdings Management Inc. purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $29,000. Finally, State Street Corp lifted its position in Home Depot by 0.7% during the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock worth $16,871,246,000 after acquiring an additional 300,352 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. KGI Securities lowered shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective on the stock. in a report on Wednesday, November 19th. Telsey Advisory Group dropped their target price on Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Daiwa Capital Markets reduced their price target on Home Depot from $399.00 to $348.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Wells Fargo & Company lowered their price objective on Home Depot from $435.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Finally, Citigroup dropped their price objective on Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $403.50.

Home Depot Trading Down 1.4%

Shares of NYSE HD opened at $349.54 on Tuesday. 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $436.36. The company has a market cap of $347.97 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 6.25 and a beta of 1.06. The business has a fifty day simple moving average of $371.92 and a 200-day simple moving average of $379.73.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared 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 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insider Activity

In other news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.