Capital One Financial Corp reduced its position in The Home Depot, Inc. (NYSE: HD – Get a rating) by 39.0% in the 1st quarter, according to its last Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor held 3,904 shares of the home improvement retailer’s stock after selling 2,497 shares during the quarter. Capital One Financial Corp’s holdings in Home Depot were worth $1,169,000 when it last filed with the SEC.
Other large investors have also increased or reduced their stake in the company. Norges Bank bought a new stake in Home Depot during the 4th quarter at a value of $4,325,629,000. Allspring Global Investments Holdings LLC purchased a new stake in Home Depot stock during Q4 for $440,559,000. Jennison Associates LLC increased its stake in Home Depot stock by 21.1% during the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer worth $2,001,755,000 after purchasing an additional 840,033 shares in the last quarter. Geode Capital Management LLC increased its position in Home Depot by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer valued at $7,002,662,000 after purchasing an additional 701,811 shares last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Home Depot by 11.4% in the third quarter. UBS Asset Management Americas Inc. now owns 5,903,692 shares of the home improvement retailer valued at $1,937,946,000 after purchasing an additional 605,827 shares in the last quarter. 70.61% of the shares are held by institutional investors.
NYSE-HD opened at $283.00 on Friday. The company has a market capitalization of $290.85 billion, a P/E ratio of 17.97, a PEG ratio of 1.61 and a beta of 0.97. The stock has a 50-day simple moving average of $294.61 and a two-hundred-day simple moving average of $332.71. The company has a debt ratio of 35.47, a quick ratio of 0.28 and a current ratio of 1.11. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $420.61.
Home deposit (NYSE: HD – Get a rating) last released its results on Tuesday, May 17. The home improvement retailer reported EPS of $4.09 for the quarter, beating the consensus estimate of $3.67 by $0.42. The Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company posted revenue of $38.91 billion for the quarter, versus analyst estimates of $36.78 billion. During the same period last year, the company earned earnings per share of $3.86. Home Depot’s revenue for the quarter increased 3.8% from the same quarter last year. As a group, analysts expect The Home Depot, Inc. to post 16.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Thursday, June 2 received a dividend of $1.90 per share. This represents an annualized dividend of $7.60 and a dividend yield of 2.69%. The ex-dividend date was Wednesday, June 1. The Home Depot’s dividend payout ratio (DPR) is 48.25%.
A number of research companies have recently looked into HD. Edward Jones upgraded Home Depot shares from a “hold” rating to a “buy” rating in a Friday, Feb. 25 report. Truist Financial cut its price target on Home Depot stock from $405.00 to $375.00 and assigned a “na” rating on the stock in a Wednesday, May 18 report. DA Davidson reduced its price target on Home Depot from $354.00 to $330.00 and set an “na” rating for the company in a Wednesday, May 18 report. Jefferies Financial Group lowered its price target on Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a Wednesday, May 18 research note. Finally, Piper Sandler raised her price target on Home Depot from $310.00 to $321.00 and gave the company a “neutral” rating in a Wednesday, May 18 research note. Five analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $369.82.
In other Home Depot news, EVP Anne Marie Campbell sold 11,293 shares of the company in a transaction that took place on Tuesday, May 24. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now directly owns 51,175 shares of the company, valued at $14,739,935.25. The sale was disclosed in a filing with the SEC, accessible via the SEC website. Additionally, Executive Vice President Hector A. Padilla sold 136 shares of the company in a transaction that took place on Thursday, May 19. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares of the company, valued at $3,248,052.90. Disclosure of this sale can be found here. Insiders hold 0.17% of the company’s shares.
Home Depot Profile (Get a rating)
The Home Depot, Inc. operates as a home improvement retailer. It operates Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products, and decorating products, as well as facility maintenance, repair and operation products. countertops, furnaces and central air conditioning systems, and windows.
Get news and reviews for The Home Depot Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Home Depot and related companies with MarketBeat.com’s FREE daily email newsletter.