Texas Permanent School Fund Corp Has $78.90 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Texas Permanent School Fund Corp cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,684 shares of the home improvement retailer’s stock after selling 753 shares during the period. Home Depot accounts for 0.6% of Texas Permanent School Fund Corp’s holdings, making the stock its 19th largest position. Texas Permanent School Fund Corp’s holdings in Home Depot were worth $78,900,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Bare Financial Services Inc acquired a new stake in Home Depot during the fourth quarter worth approximately $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $27,000. Keener Financial Planning LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $31,000. PFG Private Wealth Management LLC increased its holdings in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Finally, Gilfoyle & Co LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $35,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on HD shares. Bank of America raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wedbush reaffirmed an “outperform” rating and set a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. Truist Financial lowered their target price on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. Finally, HSBC decreased their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $378.42.

Home Depot Trading Up 1.0 %

Shares of NYSE:HD traded up $3.40 during mid-day trading on Friday, reaching $357.19. 331,839 shares of the company’s stock were exchanged, compared to its average volume of 3,414,107. The firm has a market capitalization of $354.19 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.38 and a beta of 0.98. The business’s fifty day moving average price is $339.19 and its 200-day moving average price is $352.02. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.82 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.52%. Home Depot’s payout ratio is 60.36%.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

About Home Depot

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.