Peoples Bank KS Buys New Shares in The Home Depot, Inc. (NYSE:HD)

Peoples Bank KS purchased a new position in The Home Depot, Inc. (NYSE:HD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,400 shares of the home improvement retailer’s stock, valued at approximately $2,188,000. Home Depot accounts for approximately 1.5% of Peoples Bank KS’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wulff Hansen & CO. grew its holdings in shares of Home Depot by 33,540.9% during the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after buying an additional 1,474,459 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Home Depot in the first quarter worth approximately $513,016,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $2,853,143,000 after purchasing an additional 971,833 shares in the last quarter. Swedbank AB purchased a new position in shares of Home Depot during the first quarter valued at approximately $301,364,000. Finally, Jennison Associates LLC grew its holdings in Home Depot by 13.1% during the first quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after buying an additional 569,690 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 0.8 %

Shares of NYSE:HD traded down $3.22 on Friday, reaching $408.36. 3,988,730 shares of the company traded hands, compared to its average volume of 3,392,598. The stock has a market capitalization of $404.94 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The business’s 50-day simple moving average is $372.30 and its 200 day simple moving average is $356.14. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $412.97.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Analyst Ratings Changes

Several analysts have recently issued reports on HD shares. Truist Financial reduced their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. DA Davidson lifted their price target on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. Royal Bank of Canada lowered their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Finally, Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $398.54.

About Home Depot

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.