Arjuna Capital Decreases Holdings in The Home Depot, Inc. $HD

Arjuna Capital lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 4.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,274 shares of the home improvement retailer’s stock after selling 836 shares during the quarter. Home Depot accounts for approximately 1.9% of Arjuna Capital’s investment portfolio, making the stock its 9th largest holding. Arjuna Capital’s holdings in Home Depot were worth $7,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Mainstay Capital Management LLC ADV bought a new stake in Home Depot in the second quarter worth $263,000. WealthPlan Investment Management LLC purchased a new position in shares of Home Depot in the second quarter worth about $1,149,000. Tower View Wealth Management LLC increased its holdings in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after buying an additional 671 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Home Depot in the 1st quarter valued at about $3,851,000. Finally, Shell Asset Management Co. boosted its holdings in Home Depot by 45.2% during the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after acquiring an additional 15,002 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

Shares of HD stock opened at $357.21 on Tuesday. The firm has a market capitalization of $355.61 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 3.59 and a beta of 1.00. The stock has a fifty day moving average of $377.48 and a 200 day moving average of $380.48. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $436.36. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the previous year, the firm posted $3.78 earnings per share. The firm’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, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio is presently 62.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HD shares. TD Cowen decreased their price target on Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Gordon Haskett cut their target price on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. The Goldman Sachs Group decreased their target price on shares of Home Depot from $444.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 price target on shares of Home Depot in a research report on Monday, November 24th. Finally, Zacks Research lowered shares of Home Depot from a “hold” rating to a “strong sell” rating in a report on Thursday, November 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $403.93.

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.