BDF Gestion Sells 2,391 Shares of The Home Depot, Inc. $HD

BDF Gestion decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,850 shares of the home improvement retailer’s stock after selling 2,391 shares during the quarter. Home Depot accounts for approximately 0.7% of BDF Gestion’s investment portfolio, making the stock its 27th biggest holding. BDF Gestion’s holdings in Home Depot were worth $5,363,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Zeit Capital LLC purchased a new stake in shares of Home Depot in the second quarter worth approximately $26,000. Cache Advisors LLC purchased a new position in shares of Home Depot during the first quarter valued at approximately $27,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of Home Depot during the first quarter valued at approximately $28,000. Osbon Capital Management LLC bought a new stake in Home Depot during the fourth quarter worth $29,000. Finally, Principia Wealth Advisory LLC grew its holdings in Home Depot by 60.4% during the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock traded down $0.29 during mid-day trading on Monday, reaching $309.34. 1,353,065 shares of the company’s stock were exchanged, compared to its average volume of 4,470,046. The business’s fifty day simple moving average is $312.52 and its 200 day simple moving average is $324.17. The firm has a market capitalization of $308.62 billion, a PE ratio of 21.65, a P/E/G ratio of 2.20 and a beta of 1.00. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the company earned $4.68 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s payout ratio is 65.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus increased their price target on Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, August 17th. DA Davidson reaffirmed a “buy” rating and set a $377.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. UBS Group reiterated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Mizuho increased their target price on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, TD Cowen reissued a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.93.

Insider Activity at Home Depot

In other Home Depot news, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the sale, the chief accounting officer owned 8,189 shares of the company’s stock, valued at approximately $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael F. Rowe sold 710 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president owned 6,838 shares in the company, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.