J. Safra Sarasin Holding AG Boosts Position in The Home Depot, Inc. (NYSE:HD)

Key Points

• J. Safra Sarasin Holding AG increased its stake in The Home Depot by 0.6%, holding a total of 324,781 shares worth approximately $118.94 million.
• Home Depot reported a quarterly EPS of $3.56, missing the expected $3.59, while its revenue increased by 9.4% year-over-year.
• The company recently declared a quarterly dividend of $2.30 per share, representing an annual yield of 2.5% and a payout ratio of 62.42%.

J. Safra Sarasin Holding AG raised its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,781 shares of the home improvement retailer's stock after acquiring an additional 1,920 shares during the period. Home Depot comprises approximately 2.2% of J. Safra Sarasin Holding AG's investment portfolio, making the stock its 6th largest holding. J. Safra Sarasin Holding AG's holdings in Home Depot were worth $118,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Financial Gravity Asset Management Inc. bought a new stake in shares of Home Depot during the 1st quarter worth $406,000. Wealth Management Partners LLC increased its holdings in Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV increased its holdings in Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after acquiring an additional 221 shares during the last quarter. ARS Wealth Advisors Group LLC increased its holdings in Home Depot by 0.8% in the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after acquiring an additional 239 shares during the last quarter. Finally, Tabor Asset Management LP purchased a new stake in Home Depot in the 1st quarter worth about $5,886,000. 70.86% of the stock is currently owned by institutional investors.

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 stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president directly owned 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Up 1.6%

HD stock traded up $6.04 during midday trading on Friday, hitting $373.55. The stock had a trading volume of 3,006,523 shares, compared to its average volume of 3,228,696. The firm has a market cap of $371.66 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. The business has a 50-day moving average of $365.84 and a two-hundred day moving average of $372.91. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Analysts Set New Price Targets

HD has been the subject of several recent research reports. DA Davidson decreased their price objective on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. TD Securities lowered Home Depot to a "buy" rating in a report on Monday, June 2nd. JPMorgan Chase & Co. lifted their target price on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Robert W. Baird reduced their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Finally, Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average 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.