The Home Depot, Inc. $HD Shares Purchased by Lbp Am Sa

Lbp Am Sa raised its stake in The Home Depot, Inc. (NYSE:HD) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,555 shares of the home improvement retailer’s stock after buying an additional 9,512 shares during the period. Lbp Am Sa’s holdings in Home Depot were worth $38,718,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Brighton Jones LLC increased its stake in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Sivia Capital Partners LLC boosted its holdings in Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares in the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of Home Depot by 7.2% in the 2nd quarter. Dogwood Wealth Management LLC now owns 2,324 shares of the home improvement retailer’s stock worth $854,000 after buying an additional 157 shares in the last quarter. Patton Fund Management Inc. acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $225,000. Finally, ORG Partners LLC lifted its position in shares of Home Depot by 6.3% during the 2nd quarter. ORG Partners LLC now owns 1,308 shares of the home improvement retailer’s stock worth $489,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup reduced their target price 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. Jefferies Financial Group reaffirmed a “buy” rating and set a $424.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Wolfe Research increased their target price on Home Depot from $414.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. Truist Financial set a $405.00 price target on Home Depot in a report on Friday, January 16th. Finally, KGI Securities lowered shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective on the stock. in a report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $404.50.

Home Depot Price Performance

Shares of HD stock opened at $383.63 on Monday. The firm’s 50 day moving average price is $356.03 and its two-hundred day moving average price is $378.58. 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 Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The stock has a market cap of $381.91 billion, a PE ratio of 26.15, a PEG ratio of 14.30 and a beta of 1.08.

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

Home Depot Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction on Friday, December 12th. The shares were 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 of the company’s stock, valued at $1,409,419.83. This trade represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by company insiders.

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.