Czech National Bank Purchases 9,740 Shares of The Home Depot, Inc. $HD

Czech National Bank grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 252,691 shares of the home improvement retailer’s stock after acquiring an additional 9,740 shares during the quarter. Home Depot accounts for 0.7% of Czech National Bank’s holdings, making the stock its 23rd biggest position. Czech National Bank’s holdings in Home Depot were worth $102,388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Mainstay Capital Management LLC ADV bought a new stake in Home Depot during the second quarter worth about $263,000. WealthPlan Investment Management LLC bought a new position in Home Depot in the second quarter valued at approximately $1,149,000. Tower View Wealth Management LLC increased its position in shares of Home Depot by 4.3% during the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after purchasing an additional 671 shares during the last quarter. Ransom Advisory Ltd acquired a new position in shares of Home Depot during the 1st quarter worth approximately $3,851,000. Finally, Shell Asset Management Co. raised its stake in shares of 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 worth $17,663,000 after purchasing an additional 15,002 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Telsey Advisory Group decreased their target price on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Gordon Haskett lowered their price objective on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. KGI Securities cut shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price on the stock. in a report on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $402.07.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.5%

Shares of HD opened at $354.97 on Friday. The firm has a market cap of $353.38 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 13.29 and a beta of 1.06. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The firm’s 50-day simple moving average is $366.01 and its 200 day simple moving average is $378.87.

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 the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio is presently 62.71%.

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.