The Home Depot, Inc. $HD Shares Sold by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 22.9% during the 4th quarter, Holdings Channel reports. The fund owned 9,393 shares of the home improvement retailer’s stock after selling 2,793 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Home Depot were worth $3,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Temasek Holdings Private Ltd acquired a new stake in Home Depot during the fourth quarter worth about $44,534,000. Rakuten Investment Management Inc. increased its holdings in Home Depot by 1,474.4% in the fourth quarter. Rakuten Investment Management Inc. now owns 130,943 shares of the home improvement retailer’s stock valued at $45,496,000 after buying an additional 122,626 shares in the last quarter. Abound Financial LLC purchased a new position in Home Depot in the fourth quarter valued at $29,000. L2 Asset Management LLC increased its holdings in Home Depot by 6.4% in the fourth quarter. L2 Asset Management LLC now owns 5,062 shares of the home improvement retailer’s stock valued at $1,742,000 after buying an additional 303 shares in the last quarter. Finally, Hurley Capital LLC increased its holdings in Home Depot by 242.2% in the fourth quarter. Hurley Capital LLC now owns 349 shares of the home improvement retailer’s stock valued at $120,000 after buying an additional 247 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 2.1%

Shares of NYSE:HD opened at $336.85 on Wednesday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a market capitalization of $335.88 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.81 and a beta of 0.97. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The business’s 50 day moving average price is $322.91 and its 200-day moving average price is $346.83.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm posted $3.56 EPS. 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, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HD shares. Oppenheimer cut their price objective on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a report on Monday, May 18th. Wolfe Research reaffirmed an “outperform” rating and issued a $365.00 price objective on shares of Home Depot in a report on Tuesday, May 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $346.00 price objective on shares of Home Depot in a report on Wednesday, May 20th. The Goldman Sachs Group cut their price objective on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Finally, DA Davidson reduced their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

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.