The Home Depot, Inc. $HD Shares Sold by BDF Gestion

Key Points

• BDF Gestion has decreased its stake in The Home Depot by 9.8%, selling 3,318 shares, which leaves them with 30,446 shares valued at approximately $11.16 million.
• Home Depot reported a quarterly earnings per share of $4.68, falling short of the consensus estimate of $4.69, with revenues growing 4.9% year-over-year.
• The company announced a quarterly dividend of $2.30, reflecting an annualized dividend yield of 2.2%.

BDF Gestion trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 30,446 shares of the home improvement retailer's stock after selling 3,318 shares during the period. Home Depot makes up about 1.3% of BDF Gestion's holdings, making the stock its 11th largest holding. BDF Gestion's holdings in Home Depot were worth $11,163,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new position in Home Depot in the first quarter worth approximately $31,000. Iron Horse Wealth Management LLC grew its position in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares during the period. Global X Japan Co. Ltd. purchased a new position in Home Depot in the second quarter worth approximately $40,000. Compass Financial Services Inc purchased a new position in Home Depot in the first quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the second quarter worth approximately $41,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD traded down $2.83 during midday trading on Monday, reaching $412.86. 2,655,518 shares of the stock were exchanged, compared to its average volume of 3,599,840. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The business's 50-day moving average price is $394.94 and its 200 day moving average price is $373.33. The company has a market capitalization of $410.96 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 3.94 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly 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). 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 analysts' expectations of $45.43 billion. During the same period in the prior year, the business earned $4.60 EPS. The business'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, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's payout ratio is 62.50%.

Insider Buying and Selling at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction 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 $48,629,658.50. The trade was a 21.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares of the company's stock, valued at $6,635,234.11. This 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 have sold 48,835 shares of company stock worth $19,623,432. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Robert W. Baird raised their price target on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lowered their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. DA Davidson restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Finally, Stifel Nicolaus raised their price target on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average price target of $435.00.

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.