The Home Depot, Inc. (NYSE:HD) Shares Purchased by Personal Capital Advisors Corp

Personal Capital Advisors Corp boosted its position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 265,741 shares of the home improvement retailer’s stock after purchasing an additional 8,752 shares during the quarter. Personal Capital Advisors Corp’s holdings in Home Depot were worth $79,545,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HD. Geode Capital Management LLC boosted its position in shares of Home Depot by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock worth $7,002,662,000 after buying an additional 701,811 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Depot by 14.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after purchasing an additional 1,361,660 shares in the last quarter. Norges Bank acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $4,325,629,000. Fisher Asset Management LLC increased its stake in shares of Home Depot by 3.9% during the 1st quarter. Fisher Asset Management LLC now owns 8,134,863 shares of the home improvement retailer’s stock worth $2,435,009,000 after purchasing an additional 303,885 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Home Depot by 12.2% during the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $2,166,946,000 after purchasing an additional 566,462 shares during the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Piper Sandler increased their target price on Home Depot to $327.00 in a report on Monday, August 22nd. Truist Financial increased their price objective on Home Depot from $375.00 to $399.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. MKM Partners began coverage on shares of Home Depot in a research note on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 target price for the company. Jefferies Financial Group reduced their target price on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. Finally, DA Davidson lifted their price target on shares of Home Depot to $334.00 in a report on Monday, August 22nd. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.95.

Insider Buying and Selling

In other news, EVP Matt Carey sold 12,650 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $316.26, for a total value of $4,000,689.00. Following the completion of the sale, the executive vice president now owns 34,522 shares in the company, valued at $10,917,927.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is owned by corporate insiders.

Home Depot Stock Performance

Home Depot stock opened at $299.77 on Friday. The company has a market cap of $306.88 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $420.61. The company has a debt-to-equity ratio of 165.70, a current ratio of 1.18 and a quick ratio of 0.25. The stock’s 50-day moving average is $300.92 and its 200-day moving average is $302.44.

Home Depot (NYSE:HDGet Rating) last posted its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 EPS for the quarter, beating the consensus estimate of $4.95 by $0.10. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The firm had revenue of $43.79 billion for the quarter, compared to analyst estimates of $43.33 billion. During the same quarter last year, the firm posted $4.53 earnings per share. Home Depot’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 16.56 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $1.90 per share. The ex-dividend date is Wednesday, August 31st. This represents a $7.60 annualized dividend and a dividend yield of 2.54%. Home Depot’s payout ratio is 46.71%.

Home Depot declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 18th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Home Depot Profile

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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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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