The Home Depot, Inc. (NYSE:HD) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 18.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,240,090 shares of the home improvement retailer's stock after purchasing an additional 190,344 shares during the quarter. Pictet Asset Management Holding SA owned 0.12% of Home Depot worth $454,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Navigoe LLC purchased a new position in Home Depot in the 4th quarter worth about $29,000. Abound Financial LLC purchased a new position in Home Depot in the 1st quarter worth about $31,000. Iron Horse Wealth Management LLC raised its position in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after buying an additional 46 shares during the last quarter. Quarry LP raised its position in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares during the last quarter. Finally, Sellwood Investment Partners LLC purchased a new position in Home Depot in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction on Thursday, May 22nd. The stock was 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 $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD traded up $0.28 during midday trading on Friday, reaching $359.32. 3,360,940 shares of the stock traded hands, compared to its average volume of 3,438,531. 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 stock has a market capitalization of $357.50 billion, a PE ratio of 24.38, a P/E/G ratio of 3.41 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company's 50 day moving average is $366.03 and its 200 day moving average is $374.48.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly 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). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company had revenue of $39.86 billion for 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 business's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.56%. Home Depot's payout ratio is 62.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HD. Gordon Haskett boosted their target price on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Truist Financial boosted their price target on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. TD Securities downgraded Home Depot to a "buy" rating in a research note on Monday, June 2nd. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an "overweight" rating in a research note on Monday, June 30th. Finally, Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently 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.