Yousif Capital Management LLC Lowers Stake in The Home Depot, Inc. (NYSE:HD)

Yousif Capital Management LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,498 shares of the home improvement retailer’s stock after selling 5,175 shares during the quarter. Home Depot accounts for about 0.6% of Yousif Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Yousif Capital Management LLC’s holdings in Home Depot were worth $49,383,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HD. International Assets Investment Management LLC lifted 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 valued at $1,930,104,000 after purchasing an additional 5,525,791 shares in the last quarter. Jennison Associates LLC lifted 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 valued at $1,506,659,000 after purchasing an additional 1,207,388 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Home Depot during the third quarter valued at approximately $207,210,000. Envestnet Asset Management Inc. lifted its holdings in Home Depot by 20.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock valued at $746,003,000 after purchasing an additional 421,619 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Home Depot by 11.3% during the third quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after purchasing an additional 346,641 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 2.0 %

HD stock traded down $6.74 during mid-day trading on Wednesday, reaching $332.26. 2,665,972 shares of the stock traded hands, compared to its average volume of 3,340,436. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a market capitalization of $329.27 billion, a PE ratio of 22.06, a PEG ratio of 2.24 and a beta of 0.98. The business has a 50-day moving average price of $366.40 and a two-hundred day moving average price of $340.51.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.30 earnings per share. Equities research analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.71%. Home Depot’s dividend payout ratio is presently 59.60%.

Wall Street Analyst Weigh In

HD has been the topic of several analyst reports. StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday. Truist Financial reissued a “buy” rating and issued a $417.00 target price on shares of Home Depot in a report on Wednesday, April 17th. The Goldman Sachs Group boosted their target price on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Citigroup boosted their target price on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Wedbush boosted their target price on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Company 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.