Banque Transatlantique SA Cuts Stock Position in The Home Depot, Inc. $HD

Banque Transatlantique SA lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,178 shares of the home improvement retailer’s stock after selling 23,040 shares during the quarter. Home Depot comprises 1.3% of Banque Transatlantique SA’s holdings, making the stock its 17th biggest position. Banque Transatlantique SA’s holdings in Home Depot were worth $54,833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Advocate Investing Services LLC acquired a new stake in shares of Home Depot in the 4th quarter worth $25,000. Parvin Asset Management LLC increased its position in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Key Capital Management INC acquired a new position in Home Depot during the 4th quarter valued at about $28,000. Abound Financial LLC purchased a new stake in Home Depot in the fourth quarter valued at about $29,000. Finally, Navalign LLC purchased a new stake in Home Depot in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $334.72 on Friday. The stock has a 50 day moving average of $323.24 and a two-hundred day moving average of $346.39. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm has a market cap of $333.75 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the company posted $3.56 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is presently 66.19%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. The Goldman Sachs Group lowered their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Robert W. Baird lowered their price objective on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. HSBC dropped their price objective on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Argus cut their target price on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, UBS Group reduced their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

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.