Carmignac Gestion Sells 11,312 Shares of The Home Depot, Inc. $HD

Key Points

• Carmignac Gestion cut its Home Depot stake by 26.9% in the first quarter, selling 11,312 shares and retaining 30,734 shares valued at approximately $10.1 million. Institutional investors collectively own 70.86% of the company.
• Home Depot reported quarterly EPS of $3.43 and revenue of $41.77 billion, modestly exceeding analyst estimates, while revenue increased 4.8% year over year. The company declared a quarterly dividend of $2.33 per share, representing a 2.8% yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $371.71, although several firms recently lowered their targets or ratings. Home Depot is also reorganizing operations and increasing digital advertising investments to support growth.

Carmignac Gestion decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 26.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,734 shares of the home improvement retailer's stock after selling 11,312 shares during the quarter. Carmignac Gestion's holdings in Home Depot were worth $10,072,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock valued at $952,000 after acquiring an additional 173 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer's stock valued at $4,248,000 after acquiring an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Home Depot in the second quarter valued at $1,773,000. Finally, Financial Advisors Network Inc. raised its position in Home Depot by 11.3% during the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer's stock valued at $868,000 after purchasing an additional 241 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Home Depot stock opened at $332.72 on Monday. The firm has a fifty day simple moving average of $332.42 and a two-hundred day simple moving average of $343.86. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a market capitalization of $331.77 billion, a PE ratio of 23.63, a P/E/G ratio of 3.83 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analysts' expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot's dividend payout ratio (DPR) is presently 66.19%.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Leadership realignment targets growth: Home Depot is combining its merchandising, customer experience and Pro-focused operations to create a more seamless customer experience and capture a larger share of the estimated $1.2 trillion home-improvement market. Management says the changes are intended to strengthen the core business, improve innovation and win more professional customers. The Home Depot Announces Organizational Realignment
• Positive Sentiment: Greater investment in digital advertising: Home Depot is reportedly among the major brands increasing advertising on ChatGPT as OpenAI expands its mobile advertising business. If effective, the channel could help the retailer reach consumers researching home projects and drive online sales. Brands Betting Bigger on ChatGPT Ads

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HD shares. Oppenheimer dropped their price target on Home Depot from $405.00 to $310.00 and set a "market perform" rating for the company in a research note on Monday, May 18th. Wall Street Zen upgraded Home Depot from a "sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Guggenheim reissued a "buy" rating and set a $425.00 price objective on shares of Home Depot in a report on Monday, July 20th. Citigroup dropped their target price on Home Depot from $450.00 to $400.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. Finally, Wolfe Research lowered Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $371.71.

Home Depot Company 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.

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