BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $57.41 Million Stock Position in The Home Depot, Inc. $HD

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 17.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 156,592 shares of the home improvement retailer’s stock after selling 33,384 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Home Depot were worth $57,413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Centerpoint Advisory Group raised its position in Home Depot by 0.8% in the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after buying an additional 26 shares during the last quarter. Disciplined Investors L.L.C. grew its stake in shares of Home Depot by 2.3% during the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after acquiring an additional 26 shares during the period. Brio Consultants LLC grew its stake in shares of Home Depot by 4.7% during the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after acquiring an additional 26 shares during the period. Client 1ST Advisory Group LLC increased its holdings in Home Depot by 1.5% in the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after acquiring an additional 27 shares during the last quarter. Finally, BWM Planning LLC raised its stake in Home Depot by 0.7% in the 2nd quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock valued at $1,505,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $359.52 on Friday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. 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 firm has a market capitalization of $357.90 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 13.32 and a beta of 1.06. The firm’s 50 day simple moving average is $368.34 and its 200 day simple moving average is $379.23.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $2.30 dividend. The ex-dividend date of this dividend 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 presently 62.71%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Oppenheimer cut their target price on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research report on Friday, December 5th. Guggenheim dropped their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Morgan Stanley reaffirmed an “outperform” rating on shares of Home Depot in a report on Wednesday. Royal Bank Of Canada reduced their price objective on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, DA Davidson dropped their target price on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research report on Wednesday. Twenty-one 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $401.17.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Home Depot Profile

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.