iA Global Asset Management Inc. Sells 5,166 Shares of The Home Depot, Inc. $HD

iA Global Asset Management Inc. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 24.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,196 shares of the home improvement retailer’s stock after selling 5,166 shares during the period. iA Global Asset Management Inc.’s holdings in Home Depot were worth $6,562,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $28,000. Sagard Holdings Management Inc. purchased a new stake in Home Depot in the second quarter worth $29,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot in the second quarter valued at $32,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Home Depot in the third quarter valued at $38,000. Finally, Marquette Asset Management LLC purchased a new position in shares of Home Depot during the 3rd quarter valued at $38,000. 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 that occurred 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 completion of the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the 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 completion of the transaction, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,963 shares of company stock worth $1,748,845 over the last three months. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

NYSE:HD opened at $383.63 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The stock has a fifty day moving average of $356.03 and a 200 day moving average of $378.45. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The firm has a market capitalization of $381.91 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 14.20 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate 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 was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.78 earnings per share. 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 fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s payout ratio is presently 62.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Argus decreased their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Wolfe Research increased their target price on shares of Home Depot from $414.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Evercore ISI reduced their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Stifel Nicolaus lowered their price target on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Finally, Piper Sandler cut their price objective on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $404.50.

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.