The Home Depot, Inc. (NYSE:HD) Shares Bought by Czech National Bank

Czech National Bank lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,160 shares of the home improvement retailer's stock after buying an additional 12,821 shares during the period. Home Depot comprises 0.8% of Czech National Bank's holdings, making the stock its 23rd largest position. Czech National Bank's holdings in Home Depot were worth $83,618,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HD. POM Investment Strategies LLC boosted its stake in Home Depot by 1.1% during the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after buying an additional 24 shares during the period. Center for Financial Planning Inc. boosted its stake in Home Depot by 0.5% during the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after buying an additional 24 shares during the period. Live Oak Private Wealth LLC boosted its stake in Home Depot by 0.5% during the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after buying an additional 25 shares during the period. Mezzasalma Advisors LLC boosted its stake in Home Depot by 4.0% during the fourth quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock worth $255,000 after buying an additional 25 shares during the period. Finally, Focused Wealth Management Inc boosted its stake in Home Depot by 2.4% during the fourth quarter. Focused Wealth Management Inc now owns 1,082 shares of the home improvement retailer's stock worth $421,000 after buying an additional 25 shares during the period. Institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TD Securities downgraded Home Depot to a "buy" rating in a report on Monday. Guggenheim restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Piper Sandler dropped their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Finally, DA Davidson decreased their price target on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Performance

HD stock traded up $5.41 during trading on Tuesday, hitting $373.37. 3,355,699 shares of the company traded hands, compared to its average volume of 3,419,875. The stock's 50-day simple moving average is $361.04 and its 200 day simple moving average is $385.45. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $371.48 billion, a PE ratio of 25.37, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.93 and a 1 year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.63 earnings per share. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.46%. Home Depot's payout ratio is currently 62.42%.

Insider Transactions at Home Depot

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

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.