Lbp Am Sa has expanded its investment in The Home Depot, Inc. (NYSE: HD) by 11.1% during the third quarter of the fiscal year, according to a recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now holds 95,555 shares of the home improvement retailer after acquiring an additional 9,512 shares during this period, bringing the total value of Lbp Am Sa’s holdings to approximately $38.72 million.
Other institutional investors have also adjusted their positions in Home Depot. Notably, Brighton Jones LLC increased its stake by 36.5% in the fourth quarter, now owning 26,918 shares valued at $10.47 million after acquiring 7,203 shares. Meanwhile, Sivia Capital Partners LLC boosted its holdings by 7.1%, now possessing 2,598 shares valued at $952,000, and Dogwood Wealth Management LLC raised its stake by 7.2% with a total of 2,324 shares worth $854,000.
Analysts Adjust Ratings and Price Targets
Recent evaluations by equity research analysts indicate varied sentiments regarding Home Depot’s performance. Citigroup has reduced its target price from $422.00 to $407.00, maintaining a “buy” rating. Conversely, Jefferies Financial Group reaffirmed a “buy” rating and set a price target of $424.00. Wolfe Research increased its target from $414.00 to $415.00, also giving the stock an “outperform” rating.
Analysts from Truist Financial set a price target of $405.00, while KGI Securities downgraded their rating from “outperform” to “hold” with a target of $320.00. Currently, 21 analysts rate the stock as a buy, 11 as hold, and 2 as sell. According to MarketBeat, the stock holds an average rating of “Moderate Buy” with an average target price of $404.50.
Home Depot’s Financial Overview and Performance
Shares of Home Depot opened at $383.63 on a recent trading day. The company’s 50-day moving average is $356.03, while the 200-day moving average stands at $378.58. The stock has a market capitalization of $381.91 billion, with a PE ratio of 26.15 and a PEG ratio of 14.30.
Home Depot reported earnings for the last quarter on November 18, with earnings per share (EPS) of $3.74, which fell short of the consensus estimate of $3.83 by $0.09. The company achieved a revenue of $41.35 billion, surpassing the expected $41.06 billion, marking a year-over-year revenue increase of 2.8%.
The firm has provided guidance for FY 2025 at 14.478 EPS, and analysts predict an EPS of 15.13 for the current year. Recent dividend announcements reveal a quarterly dividend of $2.30 per share, paid on December 18, representing an annualized dividend of $9.20 and a yield of 2.4%.
Insider transactions have also occurred, with Ann Marie Campbell, Executive Vice President, selling 145 shares at an average price of $358.26. This transaction amounted to approximately $51,947.70. Another executive, Angie Brown, sold 1,946 shares at an average price of $357.63, totaling about $695,947.98. Over the last 90 days, insiders sold 4,963 shares valued at $1.75 million, representing 0.10% of the total shares owned by insiders.
Founded in 1978, Home Depot has grown to be a leading home improvement retailer, with a substantial presence in both physical and online markets. The company is known for offering a wide range of products for do-it-yourself consumers, professional contractors, and businesses, solidifying its position in the retail sector.
