The Home Depot, Inc. (NYSE:HD) Stake Decreased by Hancock Whitney Corp

Hancock Whitney Corp lowered its stake in The Home Depot, Inc. (NYSE:HD) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,212 shares of the home improvement retailer’s stock after selling 2,296 shares during the quarter. Home Depot comprises about 1.0% of Hancock Whitney Corp’s portfolio, making the stock its 19th biggest holding. Hancock Whitney Corp’s holdings in Home Depot were worth $28,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wulff Hansen & CO. increased its holdings in shares of Home Depot by 33,540.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after purchasing an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in Home Depot in the first quarter worth approximately $513,016,000. Capital Research Global Investors lifted its stake in Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after acquiring an additional 992,444 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after acquiring an additional 971,833 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Home Depot during the 1st quarter worth $301,364,000. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of HD stock opened at $389.97 on Friday. The firm’s 50 day moving average price is $364.95 and its two-hundred day moving average price is $354.45. The stock has a market cap of $386.70 billion, a PE ratio of 26.15, a PEG ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $4.65 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.31%. Home Depot’s dividend payout ratio is presently 60.36%.

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Loop Capital raised their price objective on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research note on Tuesday. Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. Finally, DA Davidson raised their price target on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $389.04.

Home Depot Company 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.