The Home Depot, Inc. $HD Stock Acquired by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its Home Depot stake by 12.1% in the third quarter, adding 46,098 shares to hold 425,924 shares valued at about $121.6 million.
• Analysts have a Moderate Buy consensus rating and an average price target of $375.31; 18 analysts rate the stock Buy, while 13 recommend Hold.
• Home Depot beat quarterly expectations, reporting EPS of $4.92 versus $4.73 expected and revenue of $47.86 billion, up 5.7% year over year.

Candriam S.C.A. grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 425,924 shares of the home improvement retailer's stock after acquiring an additional 46,098 shares during the period. Candriam S.C.A.'s holdings in Home Depot were worth $121,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in Home Depot in the 2nd quarter worth $28,771,247,000. Bank of America Corp DE purchased a new stake in Home Depot in the second quarter worth about $5,780,468,000. Bank of New York Mellon Corp bought a new position in shares of Home Depot in the second quarter worth about $2,777,396,000. Corient Private Wealth LP purchased a new position in shares of Home Depot during the 2nd quarter valued at about $390,913,000. Finally, Legal & General Group Plc bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $1,953,883,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares of the company's stock, valued at $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Kimberly R. Scardino sold 675 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares in the company, valued at approximately $2,505,424.55. This represents a 7.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 in the last 90 days. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Jefferies Financial Group restated a "buy" rating and set a $398.00 target price on shares of Home Depot in a research note on Tuesday, August 18th. Truist Financial lifted their target price on shares of Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Wells Fargo & Company raised their price target on Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Sanford C. Bernstein lowered their price objective on Home Depot from $354.00 to $344.00 and set a "market perform" rating on the stock in a research report on Wednesday, September 9th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Home Depot in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $375.31.

Home Depot Price Performance

Home Depot stock opened at $343.48 on Friday. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The firm's fifty day moving average is $309.42 and its 200 day moving average is $334.08. The company has a market cap of $342.69 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.44 and a beta of 0.93.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot's payout ratio is 65.22%.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.

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