Federation des caisses Desjardins du Quebec Increases Holdings in The Home Depot, Inc. $HD

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in The Home Depot, Inc. by 8.7%, holding 87,456 shares valued at approximately $32.05 million.
• Home Depot recently reported quarterly earnings that missed analysts' expectations, posting $4.68 EPS against a consensus of $4.69 EPS, despite a year-over-year revenue increase of 4.9%.
• The company declared a quarterly dividend of $2.30 per share, with an annualized yield of 2.3%, scheduled for payment on September 18th.

Federation des caisses Desjardins du Quebec grew its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,456 shares of the home improvement retailer's stock after purchasing an additional 6,996 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Home Depot were worth $32,053,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HD. Abound Financial LLC purchased a new position in shares of Home Depot during the first quarter worth about $31,000. Iron Horse Wealth Management LLC grew its holdings in shares of 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 during the last quarter. Quest 10 Wealth Builders Inc. grew its holdings in shares of 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 during the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of Home Depot during the fourth quarter worth about $45,000. Finally, Vega Investment Solutions purchased a new position in shares of Home Depot during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of Home Depot stock traded up $7.01 during trading on Friday, hitting $418.70. 5,854,063 shares of the company were exchanged, compared to its average volume of 3,533,561. 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 fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock has a market capitalization of $416.77 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 3.97 and a beta of 1.00. The firm has a 50 day moving average price of $385.21 and a 200 day moving average price of $371.29.

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

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HD. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Mizuho lifted their price objective on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Gordon Haskett lifted their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Royal Bank Of Canada lowered their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Finally, Morgan Stanley lifted their price objective on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. One 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $432.52.

Insider Activity

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is owned by corporate 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.