Pictet North America Advisors SA trimmed its holdings in shares of Home Depot Inc (NYSE:HD) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,896 shares of the home improvement retailer’s stock after selling 1,631 shares during the quarter. Home Depot comprises 2.5% of Pictet North America Advisors SA’s portfolio, making the stock its 15th biggest holding. Pictet North America Advisors SA’s holdings in Home Depot were worth $17,032,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in shares of Home Depot by 8,331.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock valued at $125,000 after purchasing an additional 21,212,570 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of Home Depot by 21,191.0% in the second quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock valued at $353,410,000 after purchasing an additional 3,517,498 shares during the last quarter. AMF Pensionsforsakring AB acquired a new stake in shares of Home Depot in the second quarter valued at about $197,884,000. Boston Partners acquired a new stake in shares of Home Depot in the fourth quarter valued at about $147,976,000. Finally, Mn Services Vermogensbeheer B.V. grew its position in shares of Home Depot by 226.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 604,165 shares of the home improvement retailer’s stock valued at $90,808,000 after purchasing an additional 419,034 shares during the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $192.00 price target on shares of Home Depot in a research report on Wednesday, May 1st. Goldman Sachs Group assumed coverage on Home Depot in a research report on Thursday, July 11th. They issued a “buy” rating and a $235.00 price target on the stock. Morgan Stanley raised their price target on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday. Gabelli downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Finally, SunTrust Banks reiterated a “hold” rating and issued a $208.00 target price on shares of Home Depot in a research note on Wednesday. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $220.11.
Shares of NYSE HD traded down $3.55 during mid-day trading on Friday, hitting $217.47. The company had a trading volume of 4,714,590 shares, compared to its average volume of 4,253,023. The business’s 50-day simple moving average is $212.53 and its 200-day simple moving average is $199.56. Home Depot Inc has a 12 month low of $158.09 and a 12 month high of $222.65. The firm has a market cap of $243.19 billion, a P/E ratio of 21.99, a PEG ratio of 2.05 and a beta of 1.12.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.05 earnings per share. Analysts anticipate that Home Depot Inc will post 10.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.50%. Home Depot’s dividend payout ratio is 55.01%.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the completion of the transaction, the executive vice president now owns 13,357 shares in the company, valued at $2,596,333.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 9,200 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the transaction, the executive vice president now owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 224,122 shares of company stock valued at $47,516,807. Corporate insiders own 0.27% of the company’s stock.
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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