Van Lanschot Kempen Investment Management N.V. Sells 14,476 Shares of The Home Depot, Inc. (NYSE:HD)

Van Lanschot Kempen Investment Management N.V. cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,606 shares of the home improvement retailer's stock after selling 14,476 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Home Depot were worth $41,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Principal Financial Group Inc. grew its holdings in Home Depot by 10.7% during the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock valued at $596,140,000 after purchasing an additional 141,915 shares during the last quarter. Morse Asset Management Inc grew its stake in Home Depot by 12.9% in the 3rd quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer's stock valued at $12,357,000 after buying an additional 3,493 shares during the last quarter. Invst LLC raised its holdings in Home Depot by 1.7% in the 3rd quarter. Invst LLC now owns 6,710 shares of the home improvement retailer's stock worth $2,719,000 after acquiring an additional 115 shares during the period. McIlrath & Eck LLC lifted its position in Home Depot by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,687 shares of the home improvement retailer's stock worth $1,089,000 after acquiring an additional 115 shares during the last quarter. Finally, Tudor Financial Inc. bought a new stake in Home Depot during the third quarter valued at about $1,027,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HD has been the topic of several research analyst reports. Wedbush restated an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Gordon Haskett cut shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. boosted their price target on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Truist Financial cut their price target on Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $434.08.

Home Depot Trading Down 0.8 %

Shares of NYSE HD traded down $2.75 during midday trading on Friday, reaching $356.89. 1,144,501 shares of the stock were exchanged, compared to its average volume of 3,455,844. 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 $323.77 and a 12 month high of $439.37. The business has a 50-day simple moving average of $364.88 and a two-hundred day simple moving average of $392.79. The company has a market capitalization of $354.76 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is 61.66%.

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.