KBC Group NV Decreases Stock Position in The Home Depot, Inc. $HD

KBC Group NV cut its holdings in The Home Depot, Inc. (NYSE:HD) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,468 shares of the home improvement retailer’s stock after selling 2,419 shares during the quarter. KBC Group NV’s holdings in Home Depot were worth $94,032,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC grew its position in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. Edgestream Partners L.P. lifted its holdings in Home Depot by 2.2% in the first quarter. Edgestream Partners L.P. now owns 3,155 shares of the home improvement retailer’s stock valued at $1,156,000 after acquiring an additional 69 shares during the period. Apollon Financial LLC boosted its position in Home Depot by 20.0% in the first quarter. Apollon Financial LLC now owns 1,147 shares of the home improvement retailer’s stock worth $420,000 after purchasing an additional 191 shares during the last quarter. Grey Fox Wealth Advisors LLC grew its stake in shares of Home Depot by 5.9% during the 1st quarter. Grey Fox Wealth Advisors LLC now owns 1,313 shares of the home improvement retailer’s stock valued at $481,000 after purchasing an additional 73 shares during the period. Finally, Hager Investment Management Services LLC grew its stake in shares of Home Depot by 0.7% during the 1st quarter. Hager Investment Management Services LLC now owns 6,889 shares of the home improvement retailer’s stock valued at $2,525,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.0%

Shares of HD stock opened at $374.29 on Wednesday. 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 company’s fifty day simple moving average is $395.90 and its two-hundred day simple moving average is $381.83. The stock has a market cap of $372.56 billion, a P/E ratio of 25.43, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. During the same quarter in the prior year, the company posted $4.60 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. DA Davidson reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research report on Wednesday, October 8th. Sanford C. Bernstein lifted their price target on shares of Home Depot from $403.00 to $406.00 and gave the stock a “market perform” rating in a research note on Friday, November 7th. Stifel Nicolaus raised their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Finally, Morgan Stanley upped their price target on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $433.77.

Insider Transactions at Home Depot

In related news, EVP Angie Brown sold 1,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,835 shares of company stock worth $19,623,432 in the last quarter. Company insiders own 0.10% of the company’s stock.

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.