Naviter Wealth LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,096 shares of the home improvement retailer’s stock after selling 108 shares during the period. Naviter Wealth LLC’s holdings in Home Depot were worth $1,209,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Home Depot during the fourth quarter valued at approximately $3,740,875,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Home Depot by 105,205.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after purchasing an additional 10,984,516 shares during the period. Cottage Street Advisors LLC lifted its position in shares of Home Depot by 26,657.7% in the fourth quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock worth $659,000 after purchasing an additional 3,567,063 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Home Depot by 37.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,176,774 shares of the home improvement retailer’s stock worth $2,582,715,000 after purchasing an additional 2,247,709 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Home Depot in the 1st quarter worth approximately $563,524,000. 69.91% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on HD shares. 92 Resources reiterated a “maintains” rating on shares of Home Depot in a report on Wednesday, May 17th. Robert W. Baird lifted their price target on Home Depot from $310.00 to $330.00 in a report on Tuesday, June 13th. Truist Financial reduced their target price on shares of Home Depot from $352.00 to $318.00 in a research note on Wednesday, May 17th. The Goldman Sachs Group dropped their price target on shares of Home Depot from $340.00 to $330.00 in a research note on Tuesday, May 16th. Finally, Jefferies Financial Group upped their price objective on shares of Home Depot from $337.00 to $349.00 in a report on Wednesday, June 14th. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.43.
Insider Buying and Selling at Home Depot
Home Depot Trading Down 0.1 %
Shares of Home Depot stock opened at $300.77 on Friday. The Home Depot, Inc. has a 52-week low of $265.61 and a 52-week high of $347.25. The firm has a market capitalization of $302.39 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28. The company’s fifty day moving average price is $294.65 and its two-hundred day moving average price is $303.67.
Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $0.02. The business had revenue of $37.26 billion for the quarter, compared to analysts’ expectations of $38.35 billion. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.09 earnings per share. On average, analysts expect that The Home Depot, Inc. will post 14.97 EPS for the current year.
Home Depot Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a $2.09 dividend. This represents a $8.36 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, May 31st. Home Depot’s dividend payout ratio is 50.94%.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. 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.
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