Citizens Financial Group Inc. RI Has $40.80 Million Position in The Home Depot, Inc. (NYSE:HD)

Citizens Financial Group Inc. RI grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,695 shares of the home improvement retailer's stock after purchasing an additional 7,712 shares during the period. Home Depot comprises about 0.8% of Citizens Financial Group Inc. RI's portfolio, making the stock its 24th largest position. Citizens Financial Group Inc. RI's holdings in Home Depot were worth $40,801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp raised its stake in shares of Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer's stock valued at $535,000 after purchasing an additional 135 shares during the period. China Universal Asset Management Co. Ltd. grew its stake in shares of Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer's stock worth $4,381,000 after acquiring an additional 623 shares in the last quarter. Capital Group Private Client Services Inc. raised its holdings in shares of Home Depot by 10.3% in the first quarter. Capital Group Private Client Services Inc. now owns 3,527 shares of the home improvement retailer's stock valued at $1,353,000 after purchasing an additional 330 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its position in shares of Home Depot by 2.3% in the first quarter. Stonebridge Capital Advisors LLC now owns 54,014 shares of the home improvement retailer's stock worth $20,720,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Truvestments Capital LLC boosted its holdings in Home Depot by 568.9% during the first quarter. Truvestments Capital LLC now owns 5,478 shares of the home improvement retailer's stock worth $2,101,000 after purchasing an additional 4,659 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

HD stock opened at $399.98 on Thursday. 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 cap of $397.30 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 2.83 and a beta of 1.01. The company's fifty day simple moving average is $401.72 and its 200 day simple moving average is $368.01. The Home Depot, Inc. has a 12-month low of $302.34 and a 12-month high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. During the same quarter last year, the firm posted $3.81 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. On average, analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business 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 is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.25%. Home Depot's payout ratio is presently 61.14%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 value of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents 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 owned by corporate insiders.

Analyst Ratings Changes

HD has been the topic of several recent research reports. DA Davidson lifted their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their target price on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research report on Monday, November 11th. Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Piper Sandler boosted their price target on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Finally, Melius Research began coverage on Home Depot in a report on Monday, September 23rd. They issued a "buy" rating and a $420.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Company 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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