State of New Jersey Common Pension Fund D Increases Position in The Home Depot, Inc. $HD

State of New Jersey Common Pension Fund D increased its holdings in The Home Depot, Inc. (NYSE:HD) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 349,904 shares of the home improvement retailer’s stock after buying an additional 14,455 shares during the period. Home Depot comprises about 0.5% of State of New Jersey Common Pension Fund D’s holdings, making the stock its 27th biggest position. State of New Jersey Common Pension Fund D’s holdings in Home Depot were worth $141,778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Sagard Holdings Management Inc. bought a new position in Home Depot in the 2nd quarter valued at $29,000. Financially Speaking Inc bought a new position in Home Depot during the third quarter valued at about $31,000. LFA Lugano Financial Advisors SA purchased a new position in Home Depot in the second quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $35,000. Finally, Dougherty Wealth Advisers LLC purchased a new stake in shares of Home Depot during the 3rd quarter worth approximately $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,963 shares of company stock worth $1,748,845. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $391.03 on Friday. The company has a 50 day moving average of $366.16 and a 200 day moving average of $379.99. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The stock has a market cap of $389.27 billion, a P/E ratio of 26.65, a P/E/G ratio of 13.97 and a beta of 1.08. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75.

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

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s payout ratio is presently 62.71%.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Evercore dropped their price objective on Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Telsey Advisory Group dropped their price target on Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. 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. UBS Group set a $430.00 price objective on Home Depot in a research note on Wednesday, December 10th. Finally, Citigroup lifted their target price on shares of Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $407.23.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.