Triglav Investments D.O.O. Increases Stock Position in The Home Depot, Inc. $HD

Triglav Investments D.O.O. boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 44.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 46,920 shares of the home improvement retailer’s stock after buying an additional 14,400 shares during the period. Home Depot makes up 1.2% of Triglav Investments D.O.O.’s investment portfolio, making the stock its 19th largest position. Triglav Investments D.O.O.’s holdings in Home Depot were worth $19,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot in the second quarter worth $29,000. LFA Lugano Financial Advisors SA purchased a new position in Home Depot in the second quarter worth about $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at about $35,000. Dougherty Wealth Advisers LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at about $38,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of Home Depot during the 3rd quarter valued at about $38,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the firm’s 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 completion of the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the sale, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 4,963 shares of company stock valued at $1,748,845. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $386.97 on Thursday. 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 firm has a fifty day moving average price of $361.73 and a 200 day moving average price of $379.33. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The firm has a market cap of $385.23 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 13.60 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company 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 business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

HD has been the topic of a number of research reports. TD Cowen raised their price objective on shares of Home Depot from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Morgan Stanley increased their price target on shares of Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Telsey Advisory Group dropped their price target on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Jefferies Financial Group reissued a “buy” rating and set a $424.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $362.00 price objective on shares of Home Depot in a research note on Monday, November 24th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $404.47.

Home Depot Company 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.