Kentucky Retirement Systems Insurance Trust Fund decreased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 42.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,856 shares of the home improvement retailer's stock after selling 21,013 shares during the period. Home Depot makes up 0.8% of Kentucky Retirement Systems Insurance Trust Fund's investment portfolio, making the stock its 23rd largest holding. Kentucky Retirement Systems Insurance Trust Fund's holdings in Home Depot were worth $10,575,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently modified their holdings of the company. Wealth Group Ltd. boosted its stake in Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after acquiring an additional 27 shares in the last quarter. Tallon Kerry Patrick bought a new stake in Home Depot during the fourth quarter worth about $281,000. Ironwood Wealth Management LLC. boosted its stake in Home Depot by 0.7% during the fourth quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock worth $1,765,000 after acquiring an additional 32 shares in the last quarter. Brighton Jones LLC boosted its stake in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Home Depot during the fourth quarter worth about $32,202,000. Institutional investors own 70.86% of the company's stock.
Insider Buying and Selling
In related news, 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 transaction of $954,564.00. Following the completion of the transaction, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 now owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.
Home Depot Stock Performance
HD stock traded up $7.22 during midday trading on Monday, reaching $356.84. 3,852,734 shares of the company's stock traded hands, compared to its average volume of 3,425,990. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market cap of $355.03 billion, a P/E ratio of 24.21, a PEG ratio of 3.32 and a beta of 1.02. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The stock's 50-day moving average is $362.65 and its 200 day moving average is $379.42.
Home Depot (NYSE:HD - Get Free Report) last announced 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 net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion for 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 firm's quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.
Home Depot Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.58%. Home Depot's payout ratio is currently 62.42%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on HD. Royal Bank Of Canada dropped their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. DA Davidson dropped their target price on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Friday. Finally, Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average price target of $426.77.
Read Our Latest Research Report on Home Depot
About Home Depot
(
Free Report)
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.
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