Prudential PLC Sells 8,563 Shares of The Home Depot, Inc. $HD

Prudential PLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 11.2% during the second quarter, HoldingsChannel.com reports. The fund owned 68,032 shares of the home improvement retailer’s stock after selling 8,563 shares during the quarter. Prudential PLC’s holdings in Home Depot were worth $24,943,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in Home Depot during the 2nd quarter valued at $28,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Home Depot during the second quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the second quarter valued at $35,000. Global X Japan Co. Ltd. bought a new stake in shares of Home Depot in the second quarter valued at about $40,000. Finally, GFG Capital LLC purchased a new stake in Home Depot in the second quarter worth about $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.5%

NYSE:HD opened at $334.78 on Thursday. The stock has a market capitalization of $333.24 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The firm has a 50 day moving average of $388.76 and a 200 day moving average of $381.47.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (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 firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the prior year, the firm posted $3.78 earnings per share. Home Depot’s revenue for the quarter 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. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’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 transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP William D. Bastek sold 3,783 shares of the 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 completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,569 shares of company stock worth $4,792,086 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on HD shares. HSBC cut their target price on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research report on Wednesday. Telsey Advisory Group dropped their price objective on shares of Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday. UBS Group cut their price objective on shares of Home Depot from $475.00 to $445.00 and set a “buy” rating on the stock in a report on Wednesday. TD Cowen lowered their target price on Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday. Finally, DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research report on Tuesday. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $415.65.

About Home Depot

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.