Quintet Private Bank Europe S.A. Sells 666 Shares of The Home Depot, Inc. (NYSE:HD)

Quintet Private Bank Europe S.A. reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,624 shares of the home improvement retailer’s stock after selling 666 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Home Depot were worth $2,577,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. LGT Fund Management Co Ltd. boosted its stake in shares of Home Depot by 29.5% during the 4th quarter. LGT Fund Management Co Ltd. now owns 31,931 shares of the home improvement retailer’s stock valued at $12,421,000 after purchasing an additional 7,273 shares in the last quarter. LGT Group Foundation lifted its holdings in Home Depot by 6.3% in the fourth quarter. LGT Group Foundation now owns 304,507 shares of the home improvement retailer’s stock worth $118,450,000 after buying an additional 18,060 shares during the period. DJE Kapital AG bought a new stake in Home Depot during the 4th quarter valued at approximately $2,750,000. Plato Investment Management Ltd grew its holdings in shares of Home Depot by 8.8% during the 4th quarter. Plato Investment Management Ltd now owns 25,037 shares of the home improvement retailer’s stock worth $9,775,000 after acquiring an additional 2,027 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Home Depot in the 4th quarter worth approximately $3,068,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HD has been the topic of several research reports. Guggenheim restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and increased their price target for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their price target on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus upped their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Stock Up 1.6 %

HD opened at $396.69 on Monday. The stock has a market capitalization of $394.06 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 4.03 and a beta of 1.05. The firm has a 50 day moving average price of $401.36 and a 200-day moving average price of $399.37. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.32%. Home Depot’s dividend payout ratio is currently 61.66%.

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.