Landaas & Co. WI ADV cut its stake in shares of The Home Depot, Inc. (NYSE: HD – Get Rating) by 18.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 811 shares of the home improvement retailer’s stock after selling 180 shares during the period. Landaas & Co. WI ADV’s holdings in Home Depot were worth $ 337,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $ 440,559,000. Jennison Associates LLC grew its holdings in shares of Home Depot by 21.1% during the fourth quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock worth $ 2,001,755,000 after buying an additional 840,033 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Home Depot by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $ 7,002,662,000 after purchasing an additional 701,811 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of 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’s stock valued at $ 1,937,946,000 after purchasing an additional 605,827 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of Home Depot by 12.2% in the fourth quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock valued at $ 2,166,946,000 after purchasing an additional 566,462 shares during the period. Institutional investors own 70.61% of the company stock.
A number of equities research analysts recently issued reports on HD shares. Jefferies Financial Group dropped their price objective on shares of Home Depot from $ 420.00 to $ 400.00 and set a “buy” rating for the company in a report on Wednesday, May 18th. UBS Group dropped their price objective on shares of Home Depot from $ 470.00 to $ 430.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Edward Jones raised shares of Home Depot from a “hold” rating to a “buy” rating in a report on Friday, February 25th. Robert W. Baird dropped their price objective on shares of Home Depot from $ 425.00 to $ 380.00 in a report on Tuesday, February 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $ 406.00 to $ 365.00 in a report on Wednesday, February 23rd. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $ 373.86.
NYSE HD opened at $ 270.73 on Friday. The firm has a 50 day simple moving average of $ 297.91 and a 200-day simple moving average of $ 337.43. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.28 and a current ratio of 1.11. The Home Depot, Inc. has a one year low of $ 269.73 and a one year high of $ 420.61. The firm has a market cap of $ 278.25 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.64 and a beta of 0.97.
Home Depot (NYSE: HD – Get Rating) last posted its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $ 4.09 EPS for the quarter, beating the consensus estimate of $ 3.67 by $ 0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The business had revenue of $ 38.91 billion during the quarter, compared to analyst estimates of $ 36.78 billion. During the same quarter last year, the firm posted $ 3.86 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were paid a $ 1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $ 7.60 dividend on an annualized basis and a yield of 2.81%. Home Depot’s dividend payout ratio is currently 48.25%.
In related news, EVP Hector A. Padilla sold 504 shares of Home Depot stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $ 309.80, for a total value of $ 156,139.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $ 288.03, for a total transaction of $ 3,252,722.79. Following the completion of the transaction, the executive vice president now owns 51,175 shares of the company stock, valued at approximately $ 14,739,935.25. The disclosure for this sale can be found here. Insiders sold 11,933 shares of company stock valued at $ 3,448,197 in the last quarter. 0.17% of the stock is owned by insiders.
About Home Depot: (Get Rating)
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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