The Home Depot, Inc. $HD Stock Holdings Decreased by Quilter Plc

Quilter Plc lessened its stake in The Home Depot, Inc. (NYSE:HD) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,422 shares of the home improvement retailer’s stock after selling 649 shares during the quarter. Quilter Plc’s holdings in Home Depot were worth $9,687,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new position in Home Depot during the 1st quarter worth approximately $2,076,592,000. Valeo Financial Advisors LLC raised its position in shares of Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock valued at $1,663,768,000 after acquiring an additional 4,510,944 shares in the last quarter. Vanguard Group Inc. lifted its stake in Home Depot by 1.5% during the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after purchasing an additional 1,494,615 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $3,391,240,000 after purchasing an additional 1,494,261 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Home Depot during the second quarter valued at $418,486,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

HD opened at $334.78 on Thursday. The business has a 50 day moving average price of $388.76 and a two-hundred day moving average price of $381.47. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market capitalization of $333.24 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

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

Insider Transactions at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,569 shares of company stock valued at $4,792,086 over the last three months. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HD has been the subject of several research reports. Truist Financial set a $379.00 price target on shares of Home Depot in a report on Tuesday. DZ Bank restated a “sell” rating on shares of Home Depot in a research note on Tuesday. Robert W. Baird dropped their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research report on Wednesday. KGI Securities downgraded Home Depot from an “outperform” rating to a “neutral” rating and set a $320.00 price target on the stock. in a report on Wednesday. Finally, Wolfe Research started coverage on Home Depot in a research note on Thursday, September 18th. They set an “outperform” rating and a $497.00 price objective for the company. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $415.65.

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.