Czech National Bank Has $102.39 Million Position in The Home Depot, Inc. $HD

Czech National Bank increased its stake in The Home Depot, Inc. (NYSE:HD) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,691 shares of the home improvement retailer’s stock after purchasing an additional 9,740 shares during the period. Home Depot accounts for 0.7% of Czech National Bank’s portfolio, making the stock its 23rd largest holding. Czech National Bank’s holdings in Home Depot were worth $102,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Home Depot during the second quarter valued at $4,885,603,000. Laurel Wealth Advisors LLC increased its position in Home Depot by 36,207.5% in the second quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after purchasing an additional 10,049,029 shares during the period. Valeo Financial Advisors LLC raised its holdings in Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after purchasing an additional 4,510,944 shares during the last quarter. Vanguard Group Inc. raised its holdings in Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after purchasing an additional 1,494,615 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Daiwa Capital Markets lifted their price target on shares of Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a report on Monday. Guggenheim dropped their target price 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. Royal Bank Of Canada reduced their price target on Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 10th. Finally, Oppenheimer dropped their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a report on Friday, December 5th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $402.07.

Home Depot Price Performance

HD opened at $354.97 on Friday. The stock has a market cap of $353.38 billion, a P/E ratio of 24.20, a P/E/G ratio of 13.29 and a beta of 1.06. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. 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 company has a fifty day simple moving average of $366.01 and a 200 day simple moving average of $378.87.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the firm posted $3.78 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio is presently 62.71%.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.

Home Depot 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.