The Home Depot, Inc. (NYSE:HD) Holdings Lowered by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,131 shares of the home improvement retailer's stock after selling 24,033 shares during the quarter. Home Depot comprises approximately 0.5% of Teacher Retirement System of Texas' portfolio, making the stock its 25th biggest holding. Teacher Retirement System of Texas' holdings in Home Depot were worth $128,686,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in shares of Home Depot by 9.0% during the first quarter. First Horizon Advisors Inc. now owns 127,014 shares of the home improvement retailer's stock worth $46,550,000 after purchasing an additional 10,523 shares during the last quarter. Latitude Advisors LLC lifted its position in Home Depot by 7.5% during the first quarter. Latitude Advisors LLC now owns 2,696 shares of the home improvement retailer's stock worth $988,000 after buying an additional 187 shares during the period. Revisor Wealth Management LLC acquired a new stake in Home Depot in the 1st quarter worth about $490,000. Novem Group grew its holdings in Home Depot by 18.7% in the 1st quarter. Novem Group now owns 2,872 shares of the home improvement retailer's stock valued at $1,053,000 after buying an additional 453 shares during the period. Finally, Weaver Consulting Group grew its holdings in Home Depot by 2.3% in the 1st quarter. Weaver Consulting Group now owns 2,942 shares of the home improvement retailer's stock valued at $1,078,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

HD stock traded down $0.49 during mid-day trading on Friday, reaching $371.36. The company had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,130. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The stock has a market capitalization of $369.47 billion, a P/E ratio of 25.19, a P/E/G ratio of 3.54 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The stock's 50-day simple moving average is $364.86 and its two-hundred day simple moving average is $376.59.

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 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 firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the business earned $3.63 EPS. The firm's revenue was up 9.4% on a year-over-year basis. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HD shares. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and increased their price objective for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Mizuho dropped their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Truist Financial lifted their price target on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Wells Fargo & Company set a $420.00 price objective on shares of Home Depot and gave the company an "overweight" rating in a research note on Monday. Finally, Piper Sandler cut their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling at Home Depot

In other news, 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 completion of the transaction, the executive vice president owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated 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 completion of the sale, 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 disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

About Home Depot

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.