Banque Pictet & Cie SA Has $1.18 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Banque Pictet & Cie SA boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 70.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,218 shares of the home improvement retailer's stock after purchasing an additional 1,331 shares during the quarter. Banque Pictet & Cie SA's holdings in Home Depot were worth $1,179,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HD. Twelve Points Wealth Management LLC raised its holdings in Home Depot by 6.3% in the 1st quarter. Twelve Points Wealth Management LLC now owns 605 shares of the home improvement retailer's stock valued at $222,000 after acquiring an additional 36 shares in the last quarter. Westbourne Investment Advisors Inc. raised its holdings in Home Depot by 1.3% in the 1st quarter. Westbourne Investment Advisors Inc. now owns 17,945 shares of the home improvement retailer's stock valued at $6,577,000 after acquiring an additional 235 shares in the last quarter. OMC Financial Services LTD raised its holdings in Home Depot by 19.2% in the 1st quarter. OMC Financial Services LTD now owns 6,117 shares of the home improvement retailer's stock valued at $2,242,000 after acquiring an additional 987 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Home Depot by 12.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 13,446 shares of the home improvement retailer's stock valued at $4,928,000 after acquiring an additional 1,467 shares in the last quarter. Finally, Slagle Financial LLC raised its holdings in Home Depot by 7.7% in the 1st quarter. Slagle Financial LLC now owns 7,244 shares of the home improvement retailer's stock valued at $2,655,000 after acquiring an additional 517 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, 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 sale, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company'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 position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Down 1.0%

Shares of NYSE HD traded down $3.58 during trading on Friday, reaching $369.72. The company had a trading volume of 1,450,139 shares, compared to its average volume of 3,565,534. The company's fifty day moving average price is $366.03 and its 200-day moving average price is $375.75. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market cap of $367.84 billion, a P/E ratio of 25.08, a PEG ratio of 3.53 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.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly 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 company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter last year, the firm posted $3.63 EPS. The company's quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business 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 2.49%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

Several equities analysts have weighed in on HD shares. Wells Fargo & Company set a $420.00 price objective on Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 price objective (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and lifted their price objective for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Mizuho dropped their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada dropped their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Seven equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.