Silicon Valley Capital Partners Has $397,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Silicon Valley Capital Partners lessened its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 48.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,448 shares of the home improvement retailer’s stock after selling 1,355 shares during the period. Silicon Valley Capital Partners’ holdings in Home Depot were worth $397,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Home Depot by 0.4% during 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 holdings in shares of Home Depot by 14.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after purchasing an additional 1,361,660 shares during the period. Norges Bank acquired a new position in shares of Home Depot during the fourth quarter worth $4,325,629,000. Fisher Asset Management LLC lifted its holdings in 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 during the period. Finally, Deutsche Bank AG lifted its holdings in 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 during the period. Institutional investors and hedge funds own 68.66% of the company’s stock.

Home Depot Trading Down 0.9 %

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

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $43.79 billion for the quarter, compared to analysts’ expectations of $43.33 billion. During the same period in the previous year, the company earned $4.53 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that The Home Depot, Inc. will post 16.56 EPS for the current fiscal year.

Home Depot Announces Dividend

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. This represents a $7.60 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Wednesday, August 31st. Home Depot’s dividend payout ratio (DPR) is presently 46.71%.

Home Depot declared that its board has authorized a share buyback plan on Thursday, August 18th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HD. Piper Sandler boosted their target price on shares of Home Depot to $327.00 in a report on Monday, August 22nd. MKM Partners began coverage on shares of Home Depot in a report on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 target price on the stock. DA Davidson boosted their target price on shares of Home Depot to $334.00 in a report on Monday, August 22nd. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $335.00 to $311.00 and set an “overweight” rating on the stock in a report on Tuesday, August 9th. Finally, Wedbush boosted their target price on shares of Home Depot from $320.00 to $340.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $365.95.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 1,000 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $300.59, for a total transaction of $300,590.00. Following the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Home Depot news, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the transaction, the executive vice president now directly owns 34,522 shares in the company, valued at $10,917,927.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 6,180 shares in the company, valued at $1,857,646.20. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Home Depot Company 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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