The Home Depot, Inc. $HD Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,050 shares of the home improvement retailer’s stock after selling 5,276 shares during the period. Home Depot comprises approximately 1.6% of Generate Investment Management Ltd’s portfolio, making the stock its 19th largest position. Generate Investment Management Ltd’s holdings in Home Depot were worth $31,220,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HD. Brighton Jones LLC lifted its stake in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Home Depot in the 1st quarter valued at $33,507,000. AQR Capital Management LLC lifted its position in shares of Home Depot by 44.2% during the 1st quarter. AQR Capital Management LLC now owns 216,960 shares of the home improvement retailer’s stock worth $78,231,000 after purchasing an additional 66,502 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Home Depot during the first quarter worth $9,165,000. Finally, Cinctive Capital Management LP increased its holdings in Home Depot by 238.5% in the first quarter. Cinctive Capital Management LP now owns 60,354 shares of the home improvement retailer’s stock valued at $22,119,000 after buying an additional 42,522 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Down 0.7%

HD stock opened at $344.06 on Friday. The company has a fifty day moving average price of $357.98 and a 200 day moving average price of $377.49. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. The company has a market cap of $342.52 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 12.82 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29.

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). 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 analysts’ expectations of $41.06 billion. During the same period in the previous year, the business posted $3.78 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Guggenheim lowered their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, November 20th. HSBC cut their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Jefferies Financial Group restated a “buy” rating and issued a $424.00 target price on shares of Home Depot in a report on Wednesday, December 10th. Finally, Robert W. Baird cut their price target on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $402.10.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.