The Home Depot, Inc. (NYSE:HD) Shares Acquired by Pictet North America Advisors SA

Pictet North America Advisors SA boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,666 shares of the home improvement retailer’s stock after buying an additional 244 shares during the quarter. Pictet North America Advisors SA’s holdings in Home Depot were worth $5,316,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. W.H. Cornerstone Investments Inc. raised its holdings in Home Depot by 47.2% during the 4th quarter. W.H. Cornerstone Investments Inc. now owns 1,400 shares of the home improvement retailer’s stock worth $545,000 after buying an additional 449 shares during the period. CFC Planning Co LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at approximately $315,000. Littlejohn Financial Services Inc. purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $287,000. Root Financial Partners LLC boosted its position in shares of Home Depot by 35.3% in the fourth quarter. Root Financial Partners LLC now owns 2,260 shares of the home improvement retailer’s stock worth $879,000 after buying an additional 590 shares during the period. Finally, Values Added Financial LLC boosted its position in Home Depot by 19.9% during the 4th quarter. Values Added Financial LLC now owns 2,380 shares of the home improvement retailer’s stock worth $926,000 after acquiring an additional 395 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.7 %

Shares of Home Depot stock opened at $409.47 on Friday. The company’s fifty day simple moving average is $404.93 and its 200-day simple moving average is $395.58. The company has a market cap of $406.76 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the company posted $3.81 earnings per share. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on HD. Sanford C. Bernstein began coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Bank of America boosted their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Evercore ISI lifted their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Morgan Stanley raised their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Truist Financial upped their price objective on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $433.44.

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.