BI Asset Management Fondsmaeglerselskab A S Sells 40,609 Shares of The Home Depot, Inc. $HD

BI Asset Management Fondsmaeglerselskab A S decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 33.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,102 shares of the home improvement retailer’s stock after selling 40,609 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Home Depot were worth $29,369,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new position in Home Depot in the second quarter valued at about $28,000. Sagard Holdings Management Inc. bought a new position in shares of Home Depot in the 2nd quarter worth approximately $29,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Home Depot in the second quarter worth approximately $32,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the second quarter valued at approximately $35,000. Finally, Global X Japan Co. Ltd. bought a new position in Home Depot in the second quarter worth approximately $40,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

HD opened at $359.52 on Friday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The stock has a market capitalization of $357.90 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 13.32 and a beta of 1.06. The company has a fifty day moving average of $368.34 and a 200 day moving average of $379.23. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period last year, the company earned $3.78 EPS. The firm’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 Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HD. Guggenheim reduced their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. JPMorgan Chase & Co. decreased their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. HSBC cut their price objective on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research report on Monday. Finally, Mizuho raised their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $401.17.

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.