Groupama Asset Managment Has $8.03 Million Stock Holdings in The Home Depot, Inc. $HD

Groupama Asset Managment lowered its stake in The Home Depot, Inc. (NYSE:HD) by 11.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,776 shares of the home improvement retailer’s stock after selling 2,939 shares during the quarter. Groupama Asset Managment’s holdings in Home Depot were worth $8,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after buying an additional 1,494,615 shares during the period. Geode Capital Management LLC boosted its stake in Home Depot by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock worth $8,394,611,000 after acquiring an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Home Depot by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock valued at $5,341,724,000 after purchasing an additional 153,582 shares during the period. Laurel Wealth Advisors LLC grew its holdings in Home Depot by 36,207.5% during the second quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock valued at $3,694,552,000 after purchasing an additional 10,049,029 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Home Depot by 19.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after purchasing an additional 1,494,261 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HD shares. HSBC reduced their price target on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. DZ Bank reiterated a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Stifel Nicolaus restated a “hold” rating and issued a $370.00 price target (down from $440.00) on shares of Home Depot in a report on Friday, November 14th. Wolfe Research cut their price objective on Home Depot from $497.00 to $423.00 and set an “outperform” rating on the stock in a report on Monday. Finally, BNP Paribas Exane decreased their price objective on Home Depot from $391.00 to $353.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $404.60.

Home Depot Price Performance

NYSE HD opened at $356.14 on Friday. The firm’s 50 day moving average is $379.77 and its 200-day moving average is $380.66. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $354.49 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $436.36.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same period last year, the business posted $3.78 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Home Depot 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.