The Home Depot, Inc. $HD Shares Sold by Groupama Asset Managment

Key Points

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Groupama Asset Managment lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 56.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,715 shares of the home improvement retailer's stock after selling 31,886 shares during the quarter. Groupama Asset Managment's holdings in Home Depot were worth $8,852,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HD. Navigoe LLC purchased a new stake in Home Depot in the 4th quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in Home Depot in the first quarter valued at $31,000. Iron Horse Wealth Management LLC boosted its position in shares of Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares in the last quarter. Quarry LP increased its holdings in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing 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. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Up 3.8%

NYSE:HD traded up $15.2960 on Friday, reaching $412.9960. The stock had a trading volume of 5,283,627 shares, compared to its average volume of 3,560,177. The company has a 50-day moving average of $373.34 and a 200 day moving average of $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 price-to-earnings-growth ratio of 3.81 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm's revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued 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 payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HD. Stifel Nicolaus upped their target price on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday. TD Securities lowered shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Finally, Robert W. Baird raised their price objective on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer owned 45,455 shares in the company, valued at $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. In the last three months, insiders sold 42,672 shares of company stock worth $16,827,675. Company insiders own 0.10% of the company's stock.

Home Depot Company 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.