Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Home Depot Inc (NYSE:HD) by 2.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 413,498 shares of the home improvement retailer’s stock after purchasing an additional 11,201 shares during the period. Home Depot makes up about 0.7% of Zurcher Kantonalbank Zurich Cantonalbank’s holdings, making the stock its 20th biggest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Home Depot were worth $73,702,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Ford Financial Group Inc. purchased a new position in shares of Home Depot during the fourth quarter valued at $108,000. Earnest Partners LLC purchased a new position in shares of Home Depot during the fourth quarter valued at $108,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Home Depot during the fourth quarter valued at $112,000. Denali Advisors LLC purchased a new position in shares of Home Depot during the fourth quarter valued at $133,000. Finally, Keeler Thomas Management LLC purchased a new position in shares of Home Depot during the fourth quarter valued at $150,000. 69.15% of the stock is currently owned by institutional investors.
In related news, EVP Mark Holifield sold 45,549 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $186.84, for a total transaction of $8,510,375.16. Following the completion of the transaction, the executive vice president now owns 51,879 shares of the company’s stock, valued at approximately $9,693,072.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephanie Linnartz acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were acquired at an average cost of $187.57 per share, with a total value of $187,570.00. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.
HD opened at $196.36 on Wednesday. The stock has a market cap of $226.53 billion, a PE ratio of 26.32, a P/E/G ratio of 1.47 and a beta of 1.13. Home Depot Inc has a 52-week low of $144.25 and a 52-week high of $207.60. The company has a quick ratio of 0.37, a current ratio of 1.17 and a debt-to-equity ratio of 14.37.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.03. The company had revenue of $24.95 billion during the quarter, compared to the consensus estimate of $25.17 billion. Home Depot had a return on equity of 399.15% and a net margin of 8.85%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 EPS. equities research analysts forecast that Home Depot Inc will post 9.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Stockholders of record on Thursday, May 31st were paid a dividend of $1.03 per share. The ex-dividend date was Wednesday, May 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.10%. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.
A number of research analysts have recently weighed in on the company. Loop Capital set a $187.00 price target on Home Depot and gave the company a “hold” rating in a report on Tuesday, May 15th. Deutsche Bank set a $210.00 price target on Home Depot and gave the company a “buy” rating in a report on Tuesday, May 15th. Credit Suisse Group set a $222.00 price target on Home Depot and gave the company a “buy” rating in a report on Monday, May 14th. Wells Fargo & Co set a $205.00 price target on Home Depot and gave the company a “buy” rating in a report on Tuesday, May 15th. Finally, Bank of America reiterated a “buy” rating and set a $215.00 price target on shares of Home Depot in a report on Tuesday, May 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $197.25.
About Home Depot
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.
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