Baader Bank Aktiengesellschaft Reduces Position in The Home Depot, Inc. $HD

Baader Bank Aktiengesellschaft trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 19.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,063 shares of the home improvement retailer’s stock after selling 1,454 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Home Depot were worth $2,217,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Abound Financial LLC bought a new position in Home Depot during the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC grew its position in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 46 shares during the period. Compass Financial Services Inc purchased a new stake in Home Depot during the 1st quarter valued at $41,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot during the 2nd quarter valued at $41,000. Finally, Quest 10 Wealth Builders Inc. boosted its stake in shares of Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock worth $42,000 after buying an additional 30 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $416.49 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market cap of $414.57 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 4.00 and a beta of 1.00. The company’s 50 day moving average is $393.14 and its two-hundred day moving average is $373.05.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Insiders Place Their Bets

In related news, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of research reports. TD Securities cut Home Depot to a “buy” rating in a research report on Monday, June 2nd. Truist Financial upped their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Finally, Robert W. Baird upped their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $432.52.

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.