BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 398,261 Shares of The Home Depot, Inc. (NYSE:HD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 34.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 774,386 shares of the home improvement retailer's stock after selling 398,261 shares during the period. Home Depot comprises about 0.8% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s investment portfolio, making the stock its 19th biggest position. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.08% of Home Depot worth $313,781,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. International Assets Investment Management LLC grew its holdings in Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock worth $35,575,880,000 after acquiring an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. grew its holdings in 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 worth $509,081,000 after acquiring an additional 1,474,459 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Home Depot by 15.0% in the 1st 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 during the last quarter. Swedbank AB bought a new stake in Home Depot in the 1st quarter worth $301,364,000. Finally, Sarasin & Partners LLP grew its holdings in Home Depot by 95.2% in the 2nd quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer's stock worth $392,411,000 after acquiring an additional 556,053 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Loop Capital raised shares of Home Depot from a "hold" rating to a "buy" rating and lifted their target price for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. UBS Group lifted their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Truist Financial lifted their target price on shares of Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Finally, Barclays lifted their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $426.00.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company's stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Shares of HD stock opened at $399.98 on Thursday. The company has a 50 day moving average price of $401.72 and a 200-day moving average price of $368.01. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $397.30 billion, a PE ratio of 27.17, a P/E/G ratio of 2.83 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $302.34 and a 52 week high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.81 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.25%. Home Depot's dividend payout ratio (DPR) is 61.14%.

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.

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