Gulf International Bank UK Ltd Trims Stock Position in The Home Depot, Inc. (NYSE:HD)
Gulf International Bank UK Ltd reduced its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,804 shares of the home improvement retailer’s stock after selling 9,394 shares during the quarter. Home Depot accounts for 0.8% of Gulf International Bank UK Ltd’s investment portfolio, making the stock its 20th biggest holding. Gulf International Bank UK Ltd’s holdings in Home Depot were worth $28,041,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of HD. Blue Fin Capital Inc. grew its position in shares of Home Depot by 0.3% in the second quarter. Blue Fin Capital Inc. now owns 8,966 shares of the home improvement retailer’s stock valued at $2,785,000 after purchasing an additional 31 shares during the period. Washington Trust Advisors Inc. grew its holdings in Home Depot by 0.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 7,151 shares of the home improvement retailer’s stock valued at $2,221,000 after buying an additional 32 shares during the period. Key Financial Inc increased its stake in shares of Home Depot by 0.6% during the 2nd quarter. Key Financial Inc now owns 5,198 shares of the home improvement retailer’s stock valued at $1,615,000 after acquiring an additional 32 shares during the last quarter. Blume Capital Management Inc. lifted its holdings in shares of Home Depot by 7.7% during the 2nd quarter. Blume Capital Management Inc. now owns 445 shares of the home improvement retailer’s stock worth $138,000 after acquiring an additional 32 shares during the period. Finally, JB Capital LLC boosted its position in shares of Home Depot by 0.5% in the second quarter. JB Capital LLC now owns 6,527 shares of the home improvement retailer’s stock worth $2,027,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.
Wall Street Analyst Weigh In
HD has been the subject of several research analyst reports. Morgan Stanley dropped their price target on shares of Home Depot from $350.00 to $335.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Sunday, October 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $325.00 price objective on shares of Home Depot in a research note on Wednesday, November 15th. Truist Financial increased their target price on shares of Home Depot from $340.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, December 8th. Finally, Guggenheim reduced their price target on shares of Home Depot from $360.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Twelve analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $340.14.
Check Out Our Latest Analysis on HD
Insider Buying and Selling
In other news, CAO Kimberly R. Scardino sold 1,375 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $306.51, for a total transaction of $421,451.25. Following the completion of the transaction, the chief accounting officer now owns 6,744 shares of the company’s stock, valued at $2,067,103.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Kimberly R. Scardino sold 1,375 shares of Home Depot stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total transaction of $421,451.25. Following the sale, the chief accounting officer now owns 6,744 shares of the company’s stock, valued at $2,067,103.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William D. Bastek sold 1,612 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $313.90, for a total value of $506,006.80. Following the completion of the transaction, the executive vice president now directly owns 17,966 shares of the company’s stock, valued at $5,639,527.40. The disclosure for this sale can be found here. Insiders sold a total of 3,114 shares of company stock worth $966,456 in the last three months. 0.19% of the stock is owned by insiders.
Home Depot Stock Performance
Shares of HD stock opened at $350.76 on Tuesday. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $354.92. The company has a debt-to-equity ratio of 28.37, a quick ratio of 0.33 and a current ratio of 1.30. The stock has a market capitalization of $349.10 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.63 and a beta of 0.94. The company’s 50-day simple moving average is $305.31 and its 200-day simple moving average is $311.78.
Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 EPS for the quarter, beating the consensus estimate of $3.75 by $0.06. The business had revenue of $37.71 billion during the quarter, compared to analyst estimates of $37.59 billion. Home Depot had a net margin of 10.22% and a return on equity of 1,339.65%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.24 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.05 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were given a dividend of $2.09 per share. The ex-dividend date was Wednesday, November 29th. This represents a $8.36 dividend on an annualized basis and a yield of 2.38%. Home Depot’s dividend payout ratio is currently 53.66%.
About Home Depot (Free Report)
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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