Nomura Asset Management Co. Ltd. decreased its position in shares of Home Depot Inc (NYSE:HD) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 369,192 shares of the home improvement retailer’s stock after selling 32,784 shares during the quarter. Home Depot makes up approximately 0.7% of Nomura Asset Management Co. Ltd.’s portfolio, making the stock its 26th biggest position. Nomura Asset Management Co. Ltd.’s holdings in Home Depot were worth $72,029,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. BlackRock Inc. lifted its holdings in Home Depot by 0.8% during the 1st quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock worth $12,875,610,000 after buying an additional 604,634 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Home Depot by 3.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock worth $1,143,434,000 after buying an additional 230,769 shares during the period. Fisher Asset Management LLC lifted its holdings in Home Depot by 2.6% during the 2nd quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock worth $844,119,000 after buying an additional 108,535 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Home Depot by 3.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,889,146 shares of the home improvement retailer’s stock worth $758,772,000 after buying an additional 114,785 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Home Depot by 9.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,482,675 shares of the home improvement retailer’s stock worth $620,752,000 after buying an additional 301,180 shares during the period. 69.01% of the stock is currently owned by institutional investors.
Several brokerages have commented on HD. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a report on Friday, October 5th. ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. UBS Group lifted their target price on Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. Morgan Stanley lifted their target price on Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Loop Capital set a $200.00 target price on Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $207.40.
Shares of NYSE:HD opened at $192.47 on Friday. The stock has a market capitalization of $237.01 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13. Home Depot Inc has a 1 year low of $160.53 and a 1 year high of $215.43.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. The company had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. On average, equities research analysts forecast that Home Depot Inc will post 9.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Wednesday, August 29th. Home Depot’s dividend payout ratio is 55.23%.
In other news, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the transaction, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the transaction, the executive vice president now directly owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
Further Reading: Understanding Compound Annual Growth Rate (CAGR)
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