The Home Depot, Inc. $HD Shares Purchased by Credit Agricole S A

Credit Agricole S A lifted its position in The Home Depot, Inc. (NYSE:HD) by 72.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 378,172 shares of the home improvement retailer’s stock after acquiring an additional 158,481 shares during the period. Credit Agricole S A’s holdings in Home Depot were worth $138,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Asset Planning Services Inc. LA ADV lifted its holdings in shares of Home Depot by 99,400.7% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock worth $6,954,431,000 after purchasing an additional 18,956,701 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Home Depot by 39,194.1% in the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer’s stock worth $37,517,230,000 after purchasing an additional 10,210,851 shares during the last quarter. Nuveen LLC bought a new stake in shares of Home Depot in the 1st quarter worth approximately $2,076,592,000. Northern Trust Corp lifted its holdings in shares of Home Depot by 13.3% in the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock worth $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $471,189,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.2%

HD opened at $394.68 on Tuesday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The stock’s fifty day moving average is $371.05 and its 200-day moving average is $371.19. The company has a market capitalization of $392.68 billion, a PE ratio of 26.78, a P/E/G ratio of 3.80 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the prior year, the firm posted $3.63 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, June 5th. Home Depot’s payout ratio is presently 62.42%.

Analyst Ratings Changes

Several analysts recently issued reports on HD shares. TD Securities downgraded Home Depot to a “buy” rating in a report on Monday, June 2nd. DA Davidson cut their price target on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Stifel Nicolaus set a $432.00 price target on Home Depot and gave the stock a “buy” rating in a report on Monday. Evercore ISI set a $400.00 price target on Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Finally, Truist Financial reissued a “buy” rating and issued a $433.00 price target (up previously from $417.00) on shares of Home Depot in a report on Wednesday, August 13th. Six analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $427.76.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.