BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $57.41 Million Position in The Home Depot, Inc. $HD

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 17.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,592 shares of the home improvement retailer’s stock after selling 33,384 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Home Depot were worth $57,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. United Bank lifted its holdings in Home Depot by 14.9% during the 1st quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock worth $1,841,000 after buying an additional 653 shares during the period. OneAscent Investment Solutions LLC bought a new stake in shares of Home Depot in the 1st quarter valued at about $200,000. Cookson Peirce & Co. Inc. increased its stake in shares of Home Depot by 29.3% in the first quarter. Cookson Peirce & Co. Inc. now owns 719 shares of the home improvement retailer’s stock valued at $264,000 after buying an additional 163 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of Home Depot by 23.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 93,174 shares of the home improvement retailer’s stock valued at $34,148,000 after buying an additional 17,956 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Oppenheimer cut their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research note on Friday, December 5th. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 price target on shares of Home Depot in a report on Monday, November 24th. UBS Group set a $430.00 price objective on shares of Home Depot in a research note on Wednesday. Stifel Nicolaus decreased their price objective on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, December 1st. Finally, Royal Bank Of Canada dropped their target price on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a report on Wednesday. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $401.17.

Insider Transactions at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was 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 in the company, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.6%

Shares of NYSE HD opened at $359.52 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The firm has a market cap of $357.90 billion, a PE ratio of 24.51, a P/E/G ratio of 13.32 and a beta of 1.06. The company’s fifty day simple moving average is $368.34 and its 200 day simple moving average is $379.23. 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 posted its quarterly earnings results 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 8.77% and a return on equity of 160.74%. The company 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 firm posted $3.78 earnings per share. The company’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. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

Home Depot Company 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.