HBW Advisory Services LLC Has $4.10 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

HBW Advisory Services LLC boosted its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 109.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,959 shares of the home improvement retailer’s stock after purchasing an additional 7,826 shares during the quarter. Home Depot comprises about 1.1% of HBW Advisory Services LLC’s holdings, making the stock its 25th biggest position. HBW Advisory Services LLC’s holdings in Home Depot were worth $4,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. State Street Corp grew its holdings in Home Depot by 0.4% in the first quarter. State Street Corp now owns 45,622,114 shares of the home improvement retailer’s stock worth $13,656,067,000 after purchasing an additional 180,532 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Home Depot by 14.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after buying an additional 1,361,660 shares in the last quarter. Norges Bank bought a new position in shares of Home Depot in the fourth quarter valued at $4,325,629,000. Fisher Asset Management LLC lifted its stake in shares of Home Depot by 3.9% in the first quarter. Fisher Asset Management LLC now owns 8,134,863 shares of the home improvement retailer’s stock valued at $2,435,009,000 after buying an additional 303,885 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Home Depot by 12.2% in the fourth quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock valued at $2,166,946,000 after buying an additional 566,462 shares in the last quarter. 68.66% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.9 %

Shares of HD opened at $269.14 on Friday. The firm has a market cap of $275.53 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.47 and a beta of 0.99. The company has a debt-to-equity ratio of 165.70, a quick ratio of 0.25 and a current ratio of 1.18. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $420.61. The firm has a 50 day moving average price of $299.46 and a 200-day moving average price of $299.57.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share for the quarter, topping analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The firm had revenue of $43.79 billion during the quarter, compared to analyst estimates of $43.33 billion. During the same period in the previous year, the business posted $4.53 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that The Home Depot, Inc. will post 16.56 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $1.90 per share. The ex-dividend date was Wednesday, August 31st. This represents a $7.60 dividend on an annualized basis and a yield of 2.82%. Home Depot’s dividend payout ratio is currently 46.71%.

Home Depot declared that its Board of Directors has initiated a share buyback plan on Thursday, August 18th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. Piper Sandler raised their price objective on shares of Home Depot to $327.00 in a research note on Monday, August 22nd. DA Davidson lifted their target price on shares of Home Depot to $334.00 in a research note on Monday, August 22nd. Guggenheim lifted their target price on shares of Home Depot from $350.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Wedbush lifted their target price on shares of Home Depot from $320.00 to $340.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 17th. Finally, Morgan Stanley lifted their target price on shares of Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 17th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $365.95.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 12,650 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the completion of the sale, the executive vice president now directly owns 34,522 shares in the company, valued at approximately $10,917,927.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares in the company, valued at approximately $1,857,646.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Matt Carey sold 12,650 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the sale, the executive vice president now owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Home Depot Profile

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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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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