The Home Depot, Inc. (NYSE:HD) Shares Bought by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its holdings in Home Depot by 0.8% in Q1 2023, owning 761,909 shares worth approximately $279 million.
• Home Depot reported earnings of $3.56 per share for the recent quarter, falling short of estimates, while its revenue reached $39.86 billion, exceeding expectations.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with a target price of $426.77.

Blair William & Co. IL lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 761,909 shares of the home improvement retailer's stock after purchasing an additional 6,268 shares during the period. Home Depot accounts for 0.8% of Blair William & Co. IL's investment portfolio, making the stock its 25th biggest holding. Blair William & Co. IL owned approximately 0.08% of Home Depot worth $279,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of HD. Invst LLC lifted its holdings in shares of Home Depot by 0.4% in the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after acquiring an additional 28 shares during the last quarter. Financial Insights Inc. lifted its holdings in shares of Home Depot by 3.3% in the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after acquiring an additional 28 shares during the last quarter. Wayfinding Financial LLC lifted its holdings in shares of Home Depot by 1.2% in the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after acquiring an additional 28 shares during the last quarter. Pure Portfolios Holdings LLC lifted its holdings in shares of Home Depot by 4.7% in the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after acquiring an additional 28 shares during the last quarter. Finally, First Interstate Bank lifted its holdings in shares of Home Depot by 0.3% in the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock worth $3,306,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

NYSE HD traded up $4.00 on Tuesday, hitting $384.82. The company had a trading volume of 673,825 shares, compared to its average volume of 3,517,439. The company has a market capitalization of $382.86 billion, a PE ratio of 26.09, a PEG ratio of 3.55 and a beta of 1.00. The company's fifty day moving average price is $366.19 and its 200-day moving average price is $372.71. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HD shares. DA Davidson lowered their target price on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price target (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Gordon Haskett raised their price target on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Robert W. Baird cut their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $426.77.

Insiders Place Their Bets

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

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.