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

J. Safra Sarasin Holding AG cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,861 shares of the home improvement retailer's stock after selling 14,026 shares during the quarter. Home Depot comprises approximately 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 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HD. Vanguard Group Inc. lifted its stake in shares of Home Depot by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after acquiring an additional 875,836 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Home Depot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after purchasing an additional 257,036 shares during the last quarter. Norges Bank bought a new stake in Home Depot during the 4th quarter valued at about $5,032,910,000. Capital Research Global Investors boosted its position in Home Depot by 5.5% in the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after buying an additional 647,552 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Home Depot by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 9,552,090 shares of the home improvement retailer's stock worth $3,715,668,000 after acquiring an additional 125,441 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

HD stock traded up $3.03 during trading on Thursday, reaching $359.45. The company had a trading volume of 2,746,360 shares, compared to its average volume of 3,467,125. The company has a market cap of $357.30 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month 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. The firm has a 50-day simple moving average of $365.88 and a 200-day simple moving average of $393.13.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS 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. During the same period in the previous year, the firm posted $2.82 earnings per share. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.56%. Home Depot's dividend payout ratio is currently 61.66%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HD. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and boosted their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Wells Fargo & Company upped their target price on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Wedbush restated an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Piper Sandler lowered their price objective 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. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.