American Century Companies Inc. Acquires 112,396 Shares of The Home Depot, Inc. (NYSE:HD)

American Century Companies Inc. increased its holdings in The Home Depot, Inc. (NYSE:HD) by 11.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,108,170 shares of the home improvement retailer’s stock after purchasing an additional 112,396 shares during the period. American Century Companies Inc.’s holdings in Home Depot were worth $406,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Invst LLC raised its position in shares of Home Depot by 0.4% during the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer’s stock valued at $2,621,000 after buying an additional 28 shares in the last quarter. Financial Insights Inc. raised its position in shares of Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer’s stock valued at $323,000 after buying an additional 28 shares in the last quarter. Wayfinding Financial LLC raised its position in shares of Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer’s stock valued at $862,000 after buying an additional 28 shares in the last quarter. Pure Portfolios Holdings LLC raised its position in shares of Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer’s stock valued at $228,000 after buying an additional 28 shares in the last quarter. Finally, First Interstate Bank raised its position in shares of Home Depot by 0.3% during the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer’s stock valued at $3,306,000 after buying an additional 28 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 1.6%

NYSE:HD opened at $400.73 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a market cap of $398.70 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 3.87 and a beta of 1.00. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The company has a 50 day simple moving average of $369.83 and a two-hundred day simple moving average of $372.03.

Home Depot (NYSE:HD) last announced its 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 business had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. During the same period in the prior year, the company posted $3.63 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HD. Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Mizuho lowered their price objective on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Jefferies Financial Group reduced their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Truist Financial reaffirmed a “buy” rating and set a $433.00 target price (up previously from $417.00) on shares of Home Depot in a report on Wednesday. Finally, Gordon Haskett raised their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $427.48.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the 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 directly owned 7,951 shares of the company’s stock, valued at $2,919,130.14. This represents 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 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 completion of the sale, the executive vice president directly owned 17,367 shares of the company’s stock, valued at approximately $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. 0.10% of the stock is currently owned by corporate insiders.

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.