Carmignac Gestion Trims Stock Holdings in The Home Depot, Inc. $HD

Key Points

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Carmignac Gestion lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 24.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,104 shares of the home improvement retailer's stock after selling 12,843 shares during the period. Carmignac Gestion's holdings in Home Depot were worth $14,294,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Bowen Hanes & Co. Inc. boosted its stake in Home Depot by 0.6% during the first quarter. Bowen Hanes & Co. Inc. now owns 210,124 shares of the home improvement retailer's stock worth $77,008,000 after acquiring an additional 1,244 shares in the last quarter. ZEGA Investments LLC boosted its stake in Home Depot by 12.4% during the first quarter. ZEGA Investments LLC now owns 2,873 shares of the home improvement retailer's stock worth $1,053,000 after acquiring an additional 316 shares in the last quarter. Credit Agricole S A boosted its stake in Home Depot by 72.1% during the first quarter. Credit Agricole S A now owns 378,172 shares of the home improvement retailer's stock worth $138,596,000 after acquiring an additional 158,481 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Home Depot by 0.3% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 37,620 shares of the home improvement retailer's stock worth $13,764,000 after acquiring an additional 125 shares in the last quarter. Finally, Berkshire Asset Management LLC PA boosted its stake in Home Depot by 4.7% during the first quarter. Berkshire Asset Management LLC PA now owns 10,205 shares of the home improvement retailer's stock worth $3,717,000 after acquiring an additional 456 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday. TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Stifel Nicolaus increased their price objective on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Truist Financial increased their price objective on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Stock Performance

NYSE:HD traded up $15.2960 during mid-day trading on Friday, reaching $412.9960. The company's stock had a trading volume of 5,283,627 shares, compared to its average volume of 3,560,177. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm's fifty day moving average price is $373.34 and its two-hundred day moving average price is $371.56. The company has a current ratio of 1.15, a quick ratio of 0.28 and a debt-to-equity ratio of 4.31. The stock has a market cap of $410.90 billion, a P/E ratio of 28.06, a PEG ratio of 3.81 and a beta of 1.00.

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 analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same period last year, the firm posted $4.60 EPS. Home Depot's quarterly 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. On average, equities analysts forecast 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. Shareholders of record on Thursday, September 4th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,672 shares of company stock valued at $16,827,675. Company insiders own 0.10% of the company's stock.

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.