The Home Depot, Inc. (NYSE:HD) Stake Lowered by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 874,552 shares of the home improvement retailer's stock after selling 29,806 shares during the period. Home Depot accounts for about 1.2% of Bank Julius Baer & Co. Ltd Zurich's investment portfolio, making the stock its 20th biggest holding. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.09% of Home Depot worth $348,697,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Navigoe LLC acquired a new position in Home Depot in the fourth quarter worth about $29,000. Abound Financial LLC acquired a new stake in shares of Home Depot during the first quarter worth approximately $31,000. Iron Horse Wealth Management LLC increased its holdings in shares of Home Depot by 86.8% during the first 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 in the last quarter. Quarry LP increased its holdings in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares in the last quarter. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $39,000. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on HD. TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Guggenheim reissued a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Gordon Haskett lifted their price target on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price target (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Transactions at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

Home Depot stock traded up $0.56 during midday trading on Tuesday, reaching $364.60. 1,009,743 shares of the company were exchanged, compared to its average volume of 3,433,312. The firm's 50-day simple moving average is $366.03 and its 200-day simple moving average is $374.29. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market capitalization of $362.75 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 3.42 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.63 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is presently 62.42%.

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.

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