Axa S.A. Has $114.91 Million Stake in The Home Depot, Inc. $HD

Axa S.A. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 49.0% during the second quarter, HoldingsChannel reports. The firm owned 313,419 shares of the home improvement retailer’s stock after selling 301,342 shares during the quarter. Axa S.A.’s holdings in Home Depot were worth $114,912,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in shares of Home Depot during the 2nd quarter valued at about $28,000. Sagard Holdings Management Inc. bought a new stake in Home Depot during the 2nd quarter worth approximately $29,000. LFA Lugano Financial Advisors SA acquired a new stake in Home Depot during the 2nd quarter worth approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $35,000. Finally, Global X Japan Co. Ltd. bought a new position in Home Depot in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Down 1.4%

HD stock opened at $349.54 on Tuesday. The firm has a 50-day moving average price of $371.92 and a 200-day moving average price of $379.73. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $436.36. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $347.97 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 6.25 and a beta of 1.06.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the previous year, the firm earned $3.78 earnings per share. The company’s revenue 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, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stifel Nicolaus cut their price target on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Wells Fargo & Company dropped their target price on Home Depot from $435.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Morgan Stanley reduced their price target on Home Depot from $430.00 to $395.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Oppenheimer lowered their price target on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Mizuho increased their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $403.50.

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.