The Home Depot, Inc. (NYSE:HD) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,486 shares of the home improvement retailer's stock after selling 3,187 shares during the period. Union Bancaire Privee UBP SA's holdings in Home Depot were worth $28,917,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. POM Investment Strategies LLC lifted its holdings in shares of Home Depot by 1.1% during the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after acquiring an additional 24 shares during the period. Center for Financial Planning Inc. lifted its holdings in shares of Home Depot by 0.5% during the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after acquiring an additional 24 shares during the period. Tranquility Partners LLC raised its holdings in shares of Home Depot by 1.1% in the fourth quarter. Tranquility Partners LLC now owns 2,306 shares of the home improvement retailer's stock valued at $897,000 after buying an additional 26 shares during the last quarter. Wealth Group Ltd. raised its holdings in shares of Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after buying an additional 27 shares during the last quarter. Finally, Members Trust Co increased its position in Home Depot by 1.0% in the fourth quarter. Members Trust Co now owns 2,692 shares of the home improvement retailer's stock worth $1,047,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Telsey Advisory Group reiterated an "outperform" rating on shares of Home Depot in a research report on Monday, June 2nd. Guggenheim restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped their price objective on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Truist Financial increased their target price on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Evercore ISI set a $400.00 price objective on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Up 0.7%

Shares of Home Depot stock traded up $2.53 on Thursday, reaching $362.99. The company's stock had a trading volume of 2,918,183 shares, compared to its average volume of 3,405,620. The company has a market capitalization of $361.15 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 4.03 and a beta of 1.02. The firm's fifty day simple moving average is $361.89 and its two-hundred day simple moving average is $383.78. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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 (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the prior year, the firm posted $3.63 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred 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 in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction 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 completion of the sale, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.