Forsta AP Fonden Decreases Position in The Home Depot, Inc. $HD

Forsta AP Fonden trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,900 shares of the home improvement retailer’s stock after selling 1,100 shares during the quarter. Home Depot accounts for about 0.6% of Forsta AP Fonden’s portfolio, making the stock its 21st largest position. Forsta AP Fonden’s holdings in Home Depot were worth $97,490,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of 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 buying an additional 7,203 shares during the last quarter. Edgestream Partners L.P. increased its position in shares of Home Depot by 2.2% in the 1st quarter. Edgestream Partners L.P. now owns 3,155 shares of the home improvement retailer’s stock valued at $1,156,000 after acquiring an additional 69 shares during the period. Apollon Financial LLC raised its stake in Home Depot by 20.0% in the 1st quarter. Apollon Financial LLC now owns 1,147 shares of the home improvement retailer’s stock worth $420,000 after acquiring an additional 191 shares during the last quarter. Grey Fox Wealth Advisors LLC lifted its position in Home Depot by 5.9% during the 1st quarter. Grey Fox Wealth Advisors LLC now owns 1,313 shares of the home improvement retailer’s stock worth $481,000 after acquiring an additional 73 shares during the period. Finally, Hager Investment Management Services LLC grew its stake in Home Depot by 0.7% during the 1st quarter. Hager Investment Management Services LLC now owns 6,889 shares of the home improvement retailer’s stock valued at $2,525,000 after purchasing an additional 51 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE HD opened at $374.29 on Wednesday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The stock has a market capitalization of $372.56 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.59 and a beta of 1.00. The firm’s 50 day simple moving average is $395.90 and its 200-day simple moving average is $381.83. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the prior year, the firm earned $4.60 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HD shares. Sanford C. Bernstein raised their price objective on Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. cut their price target on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a report on Monday. Oppenheimer lifted their price objective on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Wolfe Research started coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.77.

Insider Activity

In other news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated 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 $10,254,313.20. This trade represents a 8.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. 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.