The Home Depot, Inc. (NYSE:HD) Stock Holdings Lessened by Jacobs & Co. CA

Jacobs & Co. CA reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,568 shares of the home improvement retailer’s stock after selling 112 shares during the quarter. Home Depot comprises approximately 1.8% of Jacobs & Co. CA’s portfolio, making the stock its 11th largest holding. Jacobs & Co. CA’s holdings in Home Depot were worth $18,464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Wulff Hansen & CO. grew its stake in shares of Home Depot by 33,540.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after buying an additional 1,474,459 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in Home Depot in the first quarter valued at approximately $513,016,000. Price T Rowe Associates Inc. MD grew its position in Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after acquiring an additional 971,833 shares in the last quarter. Swedbank AB acquired a new position in shares of Home Depot during the 1st quarter worth $301,364,000. Finally, Jennison Associates LLC raised its holdings in shares of Home Depot by 13.1% during the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock valued at $1,886,271,000 after purchasing an additional 569,690 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.5 %

HD stock opened at $411.19 on Thursday. The business has a fifty day moving average price of $371.14 and a 200 day moving average price of $355.75. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $411.46. The stock has a market capitalization of $407.74 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $4.65 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Piper Sandler increased their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday. Stifel Nicolaus cut their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Royal Bank of Canada decreased their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Finally, Truist Financial dropped their price target on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $396.23.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells 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, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.