The Home Depot, Inc. $HD Shares Bought by Amundi

Key Points

• Amundi increased its Home Depot stake by 26.4% in the second quarter, acquiring 1.53 million additional shares and bringing its holdings to 7.34 million shares worth approximately $2.59 billion.
• Home Depot reported quarterly earnings of $4.92 per share and revenue of $47.86 billion, exceeding analyst estimates; revenue rose 5.7% year over year.
• The stock traded down 2.3% to $313.58, while analysts maintained a “Moderate Buy” consensus with an average price target of $375.54. Home Depot also declared a quarterly dividend of $2.33 per share, representing a 3.0% annualized yield.

Amundi lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 26.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,339,614 shares of the home improvement retailer's stock after buying an additional 1,533,276 shares during the period. Home Depot makes up 0.6% of Amundi's portfolio, making the stock its 23rd biggest position. Amundi owned 0.74% of Home Depot worth $2,588,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. California State Teachers Retirement System grew its position in Home Depot by 34,873.9% in the second quarter. California State Teachers Retirement System now owns 525,674,125 shares of the home improvement retailer's stock valued at $185,394,750,000 after acquiring an additional 524,171,077 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Home Depot in the second quarter valued at $28,771,247,000. State Street Corp grew its holdings in Home Depot by 1.8% during the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer's stock valued at $16,147,010,000 after purchasing an additional 825,164 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Home Depot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer's stock worth $8,151,344,000 after acquiring an additional 343,153 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Home Depot in the second quarter worth about $5,780,468,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Down 2.3%

NYSE HD opened at $313.58 on Wednesday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a 50-day simple moving average of $337.98 and a 200-day simple moving average of $335.09. The firm has a market capitalization of $312.86 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 3.53 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the business earned $4.68 earnings per share. Home Depot's quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot's dividend payout ratio (DPR) is 65.22%.

Analyst Ratings Changes

HD has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price target on Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a report on Wednesday, August 19th. Morgan Stanley decreased their price target on shares of Home Depot from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, May 20th. Piper Sandler dropped their price target on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. TD Cowen reaffirmed a "buy" rating on shares of Home Depot in a report on Monday, August 10th. Finally, The Goldman Sachs Group reduced their price objective on shares of Home Depot from $409.00 to $390.00 and set a "buy" rating on the stock in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $375.54.

Insider Buying and Selling

In other news, EVP Michael F. Rowe sold 710 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 9,154 shares of company stock valued at $3,132,798. Insiders own 0.08% of the company's stock.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

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