Candriam S.C.A. Purchases 9,002 Shares of The Home Depot, Inc. $HD

Key Points

• Candriam S.C.A. increased its stake in The Home Depot by 2.5% in Q1, holding 372,689 shares valued at approximately $136.6 million.
• Several brokerages have reaffirmed buy ratings for Home Depot with price targets between $360.00 and $455.00, indicating a consensus rating of "Moderate Buy."
• Home Depot recently announced a quarterly dividend of $2.30 per share, representing an annualized yield of 2.3% and a payout ratio of 62.42%.

Candriam S.C.A. raised its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 372,689 shares of the home improvement retailer's stock after buying an additional 9,002 shares during the quarter. Home Depot comprises approximately 0.9% of Candriam S.C.A.'s portfolio, making the stock its 23rd biggest position. Candriam S.C.A.'s holdings in Home Depot were worth $136,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sandhill Capital Partners LLC lifted its position in Home Depot by 0.8% during the first quarter. Sandhill Capital Partners LLC now owns 14,804 shares of the home improvement retailer's stock valued at $5,426,000 after buying an additional 117 shares during the period. Aspire Growth Partners LLC increased its holdings in shares of Home Depot by 2.0% during the first quarter. Aspire Growth Partners LLC now owns 2,767 shares of the home improvement retailer's stock valued at $1,004,000 after acquiring an additional 55 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in shares of Home Depot during the first quarter valued at $480,000. New Harbor Financial Group LLC bought a new position in shares of Home Depot during the first quarter valued at $366,000. Finally, GDS Wealth Management increased its holdings in shares of Home Depot by 7.2% during the first quarter. GDS Wealth Management now owns 40,263 shares of the home improvement retailer's stock valued at $14,756,000 after acquiring an additional 2,718 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE:HD traded up $15.2960 on Friday, hitting $412.9960. The stock had a trading volume of 5,283,627 shares, compared to its average volume of 3,454,809. The stock has a market cap of $410.90 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The business's 50-day simple moving average is $374.52 and its two-hundred day simple moving average is $371.57. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week 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 the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion during 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 company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction dated 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 transaction, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,672 shares of company stock valued at $16,827,675 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HD. Sanford C. Bernstein restated a "market perform" rating and set a $398.00 price target (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Morgan Stanley raised their price target on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. DA Davidson restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $432.52.

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.