Generali Investments CEE investicni spolecnost a.s. Trims Position in The Home Depot, Inc. (NYSE:HD)

Generali Investments CEE investicni spolecnost a.s. trimmed its position in The Home Depot, Inc. (NYSE:HD) by 4.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 12,735 shares of the home improvement retailer’s stock after selling 585 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Home Depot were worth $4,667,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Asset Planning Services Inc. LA ADV increased its position in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the last quarter. Norges Bank acquired a new position in Home Depot during the fourth quarter worth $5,032,910,000. GAMMA Investing LLC boosted its position in shares of Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer’s stock worth $37,517,230,000 after buying an additional 10,210,851 shares during the period. Northern Trust Corp grew its stake in shares of Home Depot by 13.3% in the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock valued at $4,726,186,000 after buying an additional 1,424,857 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at $471,189,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.1%

HD opened at $371.36 on Friday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The stock has a market capitalization of $369.47 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The business’s 50-day simple moving average is $365.14 and its 200-day simple moving average is $376.33.

Home Depot (NYSE:HD) 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 analysts’ consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.63 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio is currently 62.42%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho lowered their target price on Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a report on Wednesday, May 21st. Robert W. Baird lowered their price objective on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, May 21st. DA Davidson cut their target price on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Morgan Stanley reissued an “overweight” rating and issued a $415.00 price target (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Finally, Gordon Haskett upped their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction 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 in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president directly 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 disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.