Janiczek Wealth Management LLC Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Janiczek Wealth Management LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,952 shares of the home improvement retailer’s stock after purchasing an additional 44 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Home Depot were worth $749,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in Home Depot during the fourth quarter worth $4,311,070,000. International Assets Investment Management LLC grew its holdings in Home Depot by 12,647.4% during the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after acquiring an additional 5,525,791 shares during the period. Jennison Associates LLC grew its holdings in Home Depot by 38.4% during the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after acquiring an additional 1,207,388 shares during the period. Capital Research Global Investors grew its holdings in Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after acquiring an additional 992,444 shares during the period. Finally, TD Asset Management Inc grew its holdings in Home Depot by 38.9% during the fourth quarter. TD Asset Management Inc now owns 1,769,610 shares of the home improvement retailer’s stock worth $613,258,000 after acquiring an additional 495,894 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.1 %

Shares of Home Depot stock traded down $0.47 during trading hours on Thursday, reaching $341.35. The stock had a trading volume of 1,066,792 shares, compared to its average volume of 3,428,426. The firm has a 50 day simple moving average of $338.15 and a two-hundred day simple moving average of $352.59. The firm has a market capitalization of $338.49 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 2.34 and a beta of 1.00. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $3.82 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.64%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analyst Ratings Changes

A number of research analysts recently weighed in on HD shares. UBS Group dropped their price objective on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. HSBC lowered their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Mizuho started coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. Truist Financial lowered their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Citigroup lowered their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

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.