EFG Asset Management North America Corp. Has $5.55 Million Stock Holdings in The Home Depot, Inc. $HD

EFG Asset Management North America Corp. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 21.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,698 shares of the home improvement retailer’s stock after buying an additional 2,464 shares during the period. EFG Asset Management North America Corp.’s holdings in Home Depot were worth $5,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Vanguard Group Inc. increased its holdings in Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after purchasing an additional 1,494,615 shares in the last quarter. State Street Corp lifted its holdings in shares of Home Depot by 0.7% in the second quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock valued at $16,871,246,000 after purchasing an additional 300,352 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Home Depot by 1.4% during the second quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock valued at $8,394,611,000 after buying an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Home Depot by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock worth $5,341,724,000 after buying an additional 153,582 shares in the last quarter. Finally, Norges Bank bought a new stake in Home Depot during the second quarter worth $4,885,603,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HD. Jefferies Financial Group restated a “buy” rating and set a $424.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Royal Bank Of Canada cut their price target on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a report on Wednesday, December 10th. Argus decreased their price objective on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Finally, Citigroup dropped their target price on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $404.50.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,946 shares of the 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 of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock worth $1,748,845 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

NYSE HD opened at $386.63 on Tuesday. The company has a market capitalization of $384.89 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 14.30 and a beta of 1.08. 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 company has a 50-day simple moving average of $356.59 and a 200 day simple moving average of $378.67.

Home Depot (NYSE:HD) last released 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 net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the company earned $3.78 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.