Capital Group International Inc. CA Sells 18,966 Shares of The Home Depot, Inc. (NYSE:HD)

Capital Group International Inc. CA lowered its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 25.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 55,205 shares of the home improvement retailer’s stock after selling 18,966 shares during the period. Capital Group International Inc. CA’s holdings in Home Depot were worth $16,525,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HD. Norges Bank bought a new position in shares of Home Depot during the 4th quarter valued at about $4,325,629,000. Renaissance Technologies LLC bought a new position in shares of Home Depot during the 1st quarter valued at about $563,524,000. Parnassus Investments LLC bought a new position in shares of Home Depot during the 1st quarter valued at about $542,084,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Home Depot by 14.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after purchasing an additional 1,361,660 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Home Depot by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $7,002,662,000 after purchasing an additional 701,811 shares during the last quarter. Institutional investors own 68.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Robert W. Baird upped their target price on shares of Home Depot from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Tuesday, August 16th. Wedbush upped their target price on shares of Home Depot from $320.00 to $340.00 and gave the company a “neutral” rating in a research report on Wednesday, August 17th. Truist Financial upped their target price on shares of Home Depot from $375.00 to $399.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, Piper Sandler upped their target price on shares of Home Depot to $327.00 in a research report on Monday, August 22nd. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $365.95.

Insider Activity

In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Matt Carey sold 12,650 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the completion of the sale, the executive vice president now owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $276.34 on Thursday. The company has a debt-to-equity ratio of 165.70, a quick ratio of 0.25 and a current ratio of 1.18. The firm’s 50 day moving average price is $301.17 and its 200-day moving average price is $301.72. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61. The company has a market cap of $282.90 billion, a PE ratio of 16.98, a P/E/G ratio of 1.61 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The firm had revenue of $43.79 billion for the quarter, compared to the consensus estimate of $43.33 billion. During the same period last year, the firm earned $4.53 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts forecast that The Home Depot, Inc. will post 16.56 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $1.90 per share. The ex-dividend date is Wednesday, August 31st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.75%. Home Depot’s dividend payout ratio is presently 46.71%.

Home Depot announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 18th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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