Carmignac Gestion Decreases Stake in The Home Depot, Inc. $HD

Carmignac Gestion reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 14.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,374 shares of the home improvement retailer’s stock after selling 4,360 shares during the quarter. Carmignac Gestion’s holdings in Home Depot were worth $9,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Empirical Finance LLC raised its holdings in shares of Home Depot by 3.3% during the second quarter. Empirical Finance LLC now owns 36,530 shares of the home improvement retailer’s stock valued at $12,883,000 after purchasing an additional 1,164 shares during the last quarter. Nykredit A S bought a new position in Home Depot during the second quarter valued at approximately $105,326,000. Second Line Capital LLC boosted its holdings in Home Depot by 4.9% in the second quarter. Second Line Capital LLC now owns 9,132 shares of the home improvement retailer’s stock worth $3,221,000 after purchasing an additional 429 shares during the last quarter. Range Advisory LLC boosted its holdings in Home Depot by 120.8% in the second quarter. Range Advisory LLC now owns 1,581 shares of the home improvement retailer’s stock worth $558,000 after purchasing an additional 865 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its position in Home Depot by 14.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,822 shares of the home improvement retailer’s stock worth $642,000 after purchasing an additional 226 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 2.3%

Shares of HD stock opened at $313.58 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 fifty day moving average price of $337.98 and a 200-day moving average price of $335.09. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The company has a market cap of $312.86 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 3.53 and a beta of 0.95.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.Home Depot’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s payout ratio is presently 65.22%.

Analyst Ratings Changes

HD has been the subject of a number of research reports. Mizuho boosted their target price on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Morgan Stanley cut their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. DA Davidson reiterated a “buy” rating and set a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group dropped their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Insider Activity

In related news, CFO Richard McPhail sold 5,989 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.