Amundi Sells 441,806 Shares of The Home Depot, Inc. $HD

Key Points

• Amundi has reduced its stock holdings in The Home Depot, Inc. by 5.8%, now owning approximately 7.1 million shares valued at about $2.53 billion, making it the fund's 14th biggest holding.
• The company's Q2 earnings reported a slight miss, with earnings per share at $4.68, just short of the $4.69 consensus estimate, while revenues were $45.28 billion against expectations of $45.43 billion.
• A quarterly dividend of $2.30 has been declared to be paid on September 18th, representing a yield of 2.3% and an annualized total of $9.20.

Amundi cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,113,074 shares of the home improvement retailer's stock after selling 441,806 shares during the period. Home Depot makes up approximately 0.9% of Amundi's portfolio, making the stock its 14th biggest position. Amundi owned approximately 0.72% of Home Depot worth $2,532,982,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HD. Invst LLC grew its holdings in Home Depot by 0.4% during the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after purchasing an additional 28 shares during the last quarter. Financial Insights Inc. lifted its holdings in shares of Home Depot by 3.3% during the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after acquiring an additional 28 shares during the period. Wayfinding Financial LLC raised its holdings in shares of Home Depot by 1.2% in the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after buying an additional 28 shares during the last quarter. Pure Portfolios Holdings LLC increased its position in Home Depot by 4.7% in the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after purchasing an additional 28 shares during the period. Finally, First Interstate Bank increased its position in Home Depot by 0.3% in the first quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock worth $3,306,000 after purchasing an additional 28 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

NYSE HD traded down $2.57 during trading on Monday, reaching $416.38. The company's stock had a trading volume of 1,482,152 shares, compared to its average volume of 3,545,079. The stock has a market capitalization of $414.46 billion, a PE ratio of 28.30, a P/E/G ratio of 3.97 and a beta of 1.00. 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 firm has a fifty day moving average of $385.21 and a 200 day moving average of $371.13. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the prior year, the company earned $4.60 earnings per share. The company's revenue was up 4.9% compared to the same quarter last year. 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 fiscal year.

Home Depot Announces Dividend

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

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction 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 $6,635,234.11. This trade represents a 25.45% 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 1,000 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,532 shares of company stock worth $18,648,987 over the last quarter. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Mizuho boosted their price objective on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. TD Securities downgraded shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Truist Financial increased their price objective on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. DA Davidson restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Guggenheim reiterated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $432.52.

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.