The Home Depot, Inc. (NYSE:HD) Position Trimmed by Mirabaud & Cie SA

Mirabaud & Cie SA lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,857 shares of the home improvement retailer’s stock after selling 460 shares during the quarter. Mirabaud & Cie SA’s holdings in Home Depot were worth $1,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Verum Partners LLC grew its stake in Home Depot by 1.4% during the 4th quarter. Verum Partners LLC now owns 3,789 shares of the home improvement retailer’s stock valued at $1,474,000 after acquiring an additional 52 shares in the last quarter. Roberts Wealth Advisors LLC grew its stake in Home Depot by 1.6% during the 4th quarter. Roberts Wealth Advisors LLC now owns 6,097 shares of the home improvement retailer’s stock valued at $2,476,000 after acquiring an additional 98 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Home Depot by 9.5% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 216,955 shares of the home improvement retailer’s stock valued at $84,393,000 after buying an additional 18,795 shares in the last quarter. Mogy Joel R Investment Counsel Inc. grew its stake in shares of Home Depot by 0.7% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 106,187 shares of the home improvement retailer’s stock valued at $41,306,000 after buying an additional 690 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of Home Depot by 17.4% in the 4th quarter. Atomi Financial Group Inc. now owns 8,675 shares of the home improvement retailer’s stock valued at $3,375,000 after buying an additional 1,285 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $414.46 on Friday. The business has a fifty day simple moving average of $406.83 and a 200 day simple moving average of $389.47. 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 firm has a market capitalization of $411.71 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.41 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Analysts Set New Price Targets

Several equities research analysts recently commented on HD shares. Evercore ISI boosted their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $360.00 to $455.00 in a research note on Friday, November 8th. 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. Royal Bank of Canada boosted their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Piper Sandler boosted their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 over the last three months. Company insiders own 0.10% of the company’s stock.

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.