The Home Depot, Inc. (NYSE:HD) Stock Holdings Trimmed by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG cut its stake in The Home Depot, Inc. (NYSE:HD) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 322,861 shares of the home improvement retailer’s stock after selling 14,026 shares during the period. Home Depot makes up about 2.1% of J. Safra Sarasin Holding AG’s holdings, making the stock its 5th largest holding. J. Safra Sarasin Holding AG’s holdings in Home Depot were worth $125,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in HD. Optivise Advisory Services LLC raised its stake in Home Depot by 7.9% during the fourth quarter. Optivise Advisory Services LLC now owns 1,343 shares of the home improvement retailer’s stock worth $523,000 after purchasing an additional 98 shares during the period. Select Asset Management & Trust acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $377,000. Wealth Dimensions Group Ltd. raised its position in shares of Home Depot by 22.7% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 2,863 shares of the home improvement retailer’s stock valued at $1,114,000 after buying an additional 529 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Home Depot by 27.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 66,893 shares of the home improvement retailer’s stock valued at $26,021,000 after acquiring an additional 14,268 shares during the last quarter. Finally, Tradition Wealth Management LLC grew its position in Home Depot by 0.7% in the fourth quarter. Tradition Wealth Management LLC now owns 4,307 shares of the home improvement retailer’s stock worth $1,675,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 2.6 %

HD opened at $354.85 on Monday. The business’s 50-day simple moving average is $369.30 and its 200-day simple moving average is $394.08. The company has a market cap of $352.73 billion, a P/E ratio of 24.11, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.82 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.59%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HD shares. Wedbush restated an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Piper Sandler lowered their target price on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Guggenheim reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $434.08.

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.