Vanguard Group Inc. Increases Holdings in The Home Depot, Inc. (NYSE:HD)

Vanguard Group Inc. boosted its position in The Home Depot, Inc. (NYSE:HD) by 0.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,466,878 shares of the home improvement retailer’s stock after buying an additional 39,525 shares during the quarter. Home Depot makes up approximately 0.7% of Vanguard Group Inc.’s portfolio, making the stock its 18th biggest position. Vanguard Group Inc. owned about 9.49% of Home Depot worth $32,737,497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HD. Bare Financial Services Inc bought a new stake in Home Depot in the fourth quarter worth $26,000. Frank Rimerman Advisors LLC bought a new position in Home Depot during the 4th quarter worth approximately $27,000. Keener Financial Planning LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $31,000. PFG Private Wealth Management LLC raised its holdings in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in Home Depot during the 4th quarter valued at $35,000. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $349.50 on Tuesday. The company has a 50 day moving average of $337.33 and a 200 day moving average of $351.54. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The firm has a market cap of $346.57 billion, a P/E ratio of 23.44, a PEG ratio of 2.40 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the previous year, the business earned $3.82 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.58%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Analysts Set New Price Targets

Several analysts recently issued reports on HD shares. Truist Financial cut their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. HSBC decreased their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. TD Cowen cut their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. UBS Group dropped their target price on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, Mizuho started coverage on shares of Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $377.46.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.