The Home Depot, Inc. $HD Shares Sold by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,355 shares of the home improvement retailer’s stock after selling 546 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Home Depot were worth $1,230,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Home Depot during the first quarter valued at approximately $2,076,592,000. Valeo Financial Advisors LLC grew its stake in shares of Home Depot by 16,746.9% in the second quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after purchasing an additional 4,510,944 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 valued at $35,922,952,000 after purchasing an additional 1,494,615 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Home Depot by 19.3% during 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. Finally, Kingstone Capital Partners Texas LLC bought a new position in Home Depot in the 2nd quarter valued at about $418,486,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.5%

HD stock opened at $334.78 on Thursday. The company’s 50 day simple moving average is $388.76 and its 200-day simple moving average is $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 Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The firm has a market capitalization of $333.24 billion, a P/E ratio of 22.74, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its 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). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the business earned $3.78 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,569 shares of company stock worth $4,792,086. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Evercore ISI dropped their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a research report on Wednesday. Wolfe Research initiated coverage on Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 target price on the stock. Robert W. Baird cut their target price on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research note on Tuesday. Finally, Gordon Haskett dropped their price objective on Home Depot from $400.00 to $345.00 in a research note on Monday, November 10th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently 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.