Mizuho Securities USA LLC Has $26.06 Million Position in The Home Depot, Inc. (NYSE:HD)

Mizuho Securities USA LLC lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 15.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,301 shares of the home improvement retailer's stock after selling 12,113 shares during the period. Home Depot comprises 0.5% of Mizuho Securities USA LLC's portfolio, making the stock its 22nd largest holding. Mizuho Securities USA LLC's holdings in Home Depot were worth $26,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HD. International Assets Investment Management LLC increased its position in Home Depot by 51,250.1% during the third 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 buying an additional 8,762,735 shares in the last quarter. Wulff Hansen & CO. boosted its holdings in Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer's stock valued at $509,081,000 after acquiring an additional 1,474,459 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $2,853,143,000 after acquiring an additional 971,833 shares during the last quarter. Swedbank AB acquired a new position in Home Depot in the first quarter valued at $301,364,000. Finally, Sarasin & Partners LLP lifted its stake in shares of Home Depot by 95.2% during the second quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer's stock worth $392,411,000 after purchasing an additional 556,053 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

HD traded up $10.18 during trading on Thursday, reaching $410.18. The stock had a trading volume of 2,597,722 shares, compared to its average volume of 3,388,473. The firm has a market capitalization of $407.43 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. 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 Home Depot, Inc. has a 1-year low of $306.48 and a 1-year high of $421.56. The stock has a 50 day moving average of $401.72 and a two-hundred day moving average of $368.01.

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

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.19%. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction 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 sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HD. Evercore ISI boosted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. UBS Group boosted their price target on Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. 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 note on Monday, September 30th. Oppenheimer boosted their price target on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company boosted their price objective on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.