New Mexico Educational Retirement Board Sells 900 Shares of The Home Depot, Inc. (NYSE:HD)

New Mexico Educational Retirement Board lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,392 shares of the home improvement retailer's stock after selling 900 shares during the period. Home Depot accounts for about 0.6% of New Mexico Educational Retirement Board's holdings, making the stock its 23rd biggest position. New Mexico Educational Retirement Board's holdings in Home Depot were worth $17,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HD. Brighton Jones LLC raised its stake in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after purchasing an additional 565 shares during the period. Proficio Capital Partners LLC raised its stake in shares of Home Depot by 11.1% during the 4th quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer's stock valued at $4,102,000 after purchasing an additional 1,055 shares during the period. Clare Market Investments LLC purchased a new position in Home Depot during the fourth quarter worth about $472,000. Finally, Davis R M Inc. grew its position in Home Depot by 0.4% during the fourth quarter. Davis R M Inc. now owns 151,002 shares of the home improvement retailer's stock worth $58,738,000 after buying an additional 586 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other news, 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 transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president 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. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Home Depot stock opened at $367.45 on Wednesday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month 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. The business has a 50 day simple moving average of $365.52 and a 200-day simple moving average of $375.92. The stock has a market capitalization of $365.59 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. 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 company posted $3.63 EPS. The company's revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HD. Piper Sandler cut their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Truist Financial raised their target price on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group lowered their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

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.

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