Unigestion Holding SA Sells 17,245 Shares of The Home Depot, Inc. (NYSE:HD)

Unigestion Holding SA lowered its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 31.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,723 shares of the home improvement retailer's stock after selling 17,245 shares during the quarter. Unigestion Holding SA's holdings in Home Depot were worth $13,823,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot in the 4th quarter valued at $28,000. Navigoe LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $32,000. Quarry LP grew 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, Marshall Investment Management LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

HD traded down $1.13 on Thursday, hitting $368.97. 2,319,700 shares of the stock were exchanged, compared to its average volume of 3,408,049. The firm has a market capitalization of $367.10 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 12 month low of $323.93 and a 12 month high of $439.37. The business has a 50-day moving average of $361.54 and a two-hundred day moving average of $385.28.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $3.63 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, June 5th. Home Depot's payout ratio is presently 62.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HD shares. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. DA Davidson cut their price target on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Truist Financial raised their price objective on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred on 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 now owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's 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 now owns 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

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.