Credit Agricole S A Boosts Stock Holdings in The Home Depot, Inc. $HD

Key Points

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Credit Agricole S A raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 72.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 378,172 shares of the home improvement retailer's stock after purchasing an additional 158,481 shares during the quarter. Credit Agricole S A's holdings in Home Depot were worth $138,596,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock worth $4,747,000 after buying an additional 565 shares during the period. Wealth Dimensions Group Ltd. lifted its holdings in Home Depot by 22.7% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 2,863 shares of the home improvement retailer's stock worth $1,114,000 after buying an additional 529 shares during the period. Select Asset Management & Trust acquired a new stake in shares of Home Depot during the fourth quarter worth $377,000. Finally, Optivise Advisory Services LLC raised its stake in Home Depot by 7.9% during the fourth quarter. Optivise Advisory Services LLC now owns 1,343 shares of the home improvement retailer's stock worth $523,000 after buying an additional 98 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the business's 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 42,672 shares of company stock worth $16,827,675 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Wells Fargo & Company lifted their price objective on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. DA Davidson restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Tuesday. Finally, Royal Bank Of Canada decreased their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $432.52.

Home Depot Stock Up 3.8%

HD traded up $15.2960 during midday trading on Friday, reaching $412.9960. 5,283,627 shares of the company were exchanged, compared to its average volume of 3,560,177. 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 company's fifty day moving average price is $373.34 and its 200 day moving average price is $371.56. The company has a market cap of $410.90 billion, a price-to-earnings 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 one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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 paid 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 payout ratio is presently 62.50%.

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.