Ossiam Grows Stock Holdings in The Home Depot, Inc. $HD

Ossiam increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 296.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,687 shares of the home improvement retailer’s stock after purchasing an additional 91,719 shares during the period. Ossiam’s holdings in Home Depot were worth $44,982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot during the 2nd quarter worth about $28,000. LFA Lugano Financial Advisors SA purchased a new stake in Home Depot during the second quarter worth approximately $32,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the second quarter worth approximately $35,000. Global X Japan Co. Ltd. acquired a new position in Home Depot in the second quarter valued at approximately $40,000. Finally, GFG Capital LLC purchased a new position in Home Depot in the second quarter valued at approximately $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on HD shares. Morgan Stanley reduced their price objective on shares of Home Depot from $430.00 to $395.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 price target on shares of Home Depot in a research note on Monday, November 24th. HSBC dropped their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price for the company. in a research note on Wednesday, November 19th. Finally, Weiss Ratings cut Home Depot from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 1st. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $403.50.

Home Depot Price Performance

Home Depot stock opened at $354.65 on Monday. The firm has a market capitalization of $353.05 billion, a PE ratio of 24.17, a P/E/G ratio of 6.25 and a beta of 1.06. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $436.36. The firm’s 50-day simple moving average is $373.06 and its 200 day simple moving average is $379.85. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared 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. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

Insider Buying and Selling at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

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.