ASR Vermogensbeheer N.V. Acquires New Stake in The Home Depot, Inc. (NYSE:HD)

Key Points

• ASR Vermogensbeheer N.V. acquired 102,401 shares of Home Depot, valued at approximately $37.5 million, marking a significant investment in the home improvement retailer.
• In the latest quarter, Home Depot reported $39.86 billion in revenue, exceeding analysts' expectations, though it missed EPS estimates with $3.56 compared to a consensus of $3.59.
• Analysts maintain a consensus rating of "Moderate Buy" for Home Depot, with price targets ranging from $415 to $450 from various financial institutions.

ASR Vermogensbeheer N.V. acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 102,401 shares of the home improvement retailer's stock, valued at approximately $37,528,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Navigoe LLC bought a new stake in shares of Home Depot in the 4th quarter worth $29,000. Abound Financial LLC bought a new stake in shares of Home Depot in the 1st quarter worth $31,000. Iron Horse Wealth Management LLC increased its holdings in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares in the last quarter. Quarry LP increased its holdings in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its holdings in shares of Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Activity

In other news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

Shares of Home Depot stock opened at $385.23 on Wednesday. The stock's 50-day simple moving average is $366.50 and its 200-day simple moving average is $372.80. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a market capitalization of $383.28 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.62 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the previous year, the firm earned $3.63 earnings per share. Home Depot's revenue was up 9.4% on a year-over-year basis. As a group, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is presently 62.42%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HD shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Finally, Truist Financial lifted their price objective on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.