Yousif Capital Management LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,673 shares of the home improvement retailer’s stock after selling 6,374 shares during the period. Home Depot comprises 0.6% of Yousif Capital Management LLC’s holdings, making the stock its 22nd largest holding. Yousif Capital Management LLC’s holdings in Home Depot were worth $44,621,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in HD. VisionPoint Advisory Group LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $26,000. Fairfield Bush & CO. acquired a new stake in Home Depot in the first quarter valued at approximately $27,000. KB Financial Partners LLC acquired a new stake in Home Depot in the first quarter valued at approximately $28,000. Studio Investment Management LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 68.34% of the company’s stock.
Home Depot Stock Performance
NYSE HD opened at $355.71 on Tuesday. The company’s 50 day moving average is $329.09 and its 200-day moving average is $318.40. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $361.00. The company has a quick ratio of 0.33, a current ratio of 1.30 and a debt-to-equity ratio of 28.37. The firm has a market cap of $354.02 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 2.64 and a beta of 0.97.
Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.06. Home Depot had a net margin of 10.22% and a return on equity of 1,339.65%. The company had revenue of $37.71 billion for the quarter, compared to analyst estimates of $37.59 billion. During the same quarter in the previous year, the firm posted $4.24 earnings per share. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts predict that The Home Depot, Inc. will post 15.05 earnings per share for the current year.
Home Depot Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a $2.09 dividend. This represents a $8.36 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is currently 53.66%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $325.00 price target on shares of Home Depot in a research note on Wednesday, November 15th. Royal Bank of Canada dropped their price target on shares of Home Depot from $303.00 to $299.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 15th. Stifel Nicolaus raised their price target on shares of Home Depot from $306.00 to $355.00 and gave the company a “hold” rating in a research note on Wednesday, December 20th. Truist Financial raised their price target on shares of Home Depot from $356.00 to $387.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $349.04.
Read Our Latest Research Report on HD
Insider Buying and Selling
In related news, EVP William D. Bastek sold 1,612 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $313.90, for a total transaction of $506,006.80. Following the sale, the executive vice president now owns 17,966 shares of the company’s stock, valued at approximately $5,639,527.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP William D. Bastek sold 1,612 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $313.90, for a total transaction of $506,006.80. Following the sale, the executive vice president now owns 17,966 shares of the company’s stock, valued at approximately $5,639,527.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 127 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $307.07, for a total transaction of $38,997.89. Following the sale, the executive vice president now directly owns 12,565 shares in the company, valued at approximately $3,858,334.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,114 shares of company stock valued at $966,456. Company insiders own 0.19% of the company’s stock.
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.
Read More
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).
Receive News & Ratings for Home Depot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Home Depot and related companies with MarketBeat.com’s FREE daily email newsletter.
ABMN Staff
Source link
