AMF Tjanstepension AB Has $18.73 Million Position in The Home Depot, Inc. $HD

AMF Tjanstepension AB reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 15.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,233 shares of the home improvement retailer’s stock after selling 8,449 shares during the period. AMF Tjanstepension AB’s holdings in Home Depot were worth $18,733,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Sagard Holdings Management Inc. purchased a new stake in shares of Home Depot during the 2nd quarter worth about $29,000. LFA Lugano Financial Advisors SA acquired a new position in Home Depot in the second quarter worth approximately $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot during the second quarter valued at approximately $35,000. Dougherty Wealth Advisers LLC acquired a new stake in Home Depot in the third quarter valued at approximately $38,000. Finally, Marquette Asset Management LLC acquired a new stake in Home Depot in the third quarter valued at approximately $38,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.7%

Home Depot stock opened at $383.63 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The firm has a fifty day moving average price of $356.03 and a two-hundred day moving average price of $378.53. The firm has a market cap of $381.91 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 14.30 and a beta of 1.08.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 net margin of 8.77% and a return on equity of 160.74%. The business had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period in the prior year, the business posted $3.78 earnings per share. The company’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. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio is currently 62.71%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Marie Campbell sold 145 shares of the firm’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 completion of the sale, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 4,963 shares of company stock worth $1,748,845. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HD. Citigroup dropped their price target on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Telsey Advisory Group decreased their price objective on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. DA Davidson lowered their target price on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. JPMorgan Chase & Co. cut their target price on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Finally, Guggenheim reduced their price target on 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, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $404.50.

About Home Depot

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.