KBC Group NV Sells 2,419 Shares of The Home Depot, Inc. $HD

KBC Group NV reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 256,468 shares of the home improvement retailer’s stock after selling 2,419 shares during the period. KBC Group NV’s holdings in Home Depot were worth $94,032,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot during the 2nd quarter valued at about $28,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Home Depot during the second quarter worth approximately $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $35,000. Global X Japan Co. Ltd. purchased a new stake in shares of Home Depot in the 2nd quarter valued at $40,000. Finally, GFG Capital LLC bought a new position in shares of Home Depot during the 2nd quarter valued at $40,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $374.29 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock has a market cap of $372.56 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.59 and a beta of 1.00. The stock’s 50 day simple moving average is $395.90 and its two-hundred day simple moving average is $381.83. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 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 announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Analysts Set New Price Targets

Several analysts have weighed in on HD shares. Mizuho boosted their price target on shares of Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Stifel Nicolaus boosted their target price on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research note on Monday, August 18th. JPMorgan Chase & Co. reduced their price target on Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research report on Monday. Morgan Stanley boosted their price objective on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Finally, Oppenheimer raised their target price on shares of Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.77.

Insider Activity

In other news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by insiders.

Home Depot Company 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.