AG2R LA Mondiale Gestion D Actifs Makes New Investment in The Home Depot, Inc. $HD

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 36,643 shares of The Home Depot, valued at approximately $13.5 million, making the stock its 23rd largest holding with a 0.8% stake.
• Home Depot reported a quarterly earnings miss with earnings per share of $4.68, slightly below the estimate of $4.69, and a revenue of $45.28 billion, compared to the $45.43 billion expected.
• The company recently announced a quarterly dividend of $2.30 per share, which will be paid on September 18th, representing an annual yield of 2.2% and a payout ratio of 62.50%.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 36,643 shares of the home improvement retailer's stock, valued at approximately $13,495,000. Home Depot accounts for 0.8% of AG2R LA Mondiale Gestion D Actifs' holdings, making the stock its 23rd largest holding.

Several other large investors have also recently added to or reduced their stakes in HD. Abound Financial LLC bought a new position in Home Depot during the 1st quarter worth $31,000. Iron Horse Wealth Management LLC increased its position in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after buying an additional 46 shares during the period. Compass Financial Services Inc bought a new position in Home Depot during the 1st quarter worth $41,000. Quest 10 Wealth Builders Inc. increased its position in Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after buying an additional 30 shares during the period. Finally, Spurstone Advisory Services LLC bought a new position in Home Depot during the 4th quarter worth $45,000. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE:HD opened at $423.37 on Friday. The stock's 50-day simple moving average is $388.99 and its 200 day simple moving average is $372.26. The firm has a market capitalization of $421.42 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 3.92 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's dividend payout ratio (DPR) is 62.50%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company raised their price target on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Jefferies Financial Group decreased their price target on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Guggenheim restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Mizuho raised their price target on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $432.52.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 32,897 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,532 shares of company stock valued at $18,648,987 over the last ninety days. 0.10% of the stock is owned by insiders.

About Home Depot

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.

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