The Home Depot, Inc. $HD Shares Sold by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH reduced its holdings in Home Depot by 21.8%, selling 35,137 shares and owning a total of 126,189 shares valued at $45.7 million.
• Despite a slight miss in quarterly earnings with an EPS of $4.68, analysts remain optimistic, with a consensus price target of $427.76 for the stock.
• Home Depot recently declared a quarterly dividend of $2.30, reflecting an annualized dividend yield of 2.3%.

Erste Asset Management GmbH reduced its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 21.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,189 shares of the home improvement retailer's stock after selling 35,137 shares during the period. Erste Asset Management GmbH's holdings in Home Depot were worth $45,706,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Navigoe LLC purchased a new stake in Home Depot during the fourth quarter worth $29,000. Abound Financial LLC purchased a new stake in Home Depot during the first quarter worth $31,000. Iron Horse Wealth Management LLC boosted its holdings in Home Depot by 86.8% during the first 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 in the last quarter. Quarry LP boosted its holdings in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its holdings in Home Depot by 35.7% during the first 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 in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,672 shares of company stock valued at $16,827,675 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Robert W. Baird increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday. DA Davidson reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday. Finally, Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Home Depot Price Performance

Shares of 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 3,454,809. The stock has a 50-day moving average of $374.52 and a two-hundred day moving average of $371.57. The stock has a market capitalization of $410.90 billion, a P/E ratio of 28.06, a P/E/G ratio of 3.77 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.28 and a current ratio of 1.15. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-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 EPS for the quarter, missing analysts' consensus estimates 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%. Home Depot's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research 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 announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given 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 is 62.50%.

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.