Simmons Bank Has $10.79 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Simmons Bank lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,137 shares of the home improvement retailer’s stock after buying an additional 677 shares during the quarter. Home Depot comprises 0.9% of Simmons Bank’s holdings, making the stock its 25th biggest position. Simmons Bank’s holdings in Home Depot were worth $10,791,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bare Financial Services Inc acquired a new stake in shares of Home Depot during the fourth quarter valued at about $26,000. Keener Financial Planning LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC increased its position in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the period. Gilfoyle & Co LLC bought a new position in shares of Home Depot during the fourth quarter valued at $35,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Home Depot during the third quarter worth $41,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was 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 disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

Shares of Home Depot stock traded down $2.10 during trading hours on Wednesday, hitting $338.59. 1,514,005 shares of the company’s stock traded hands, compared to its average volume of 3,323,432. The stock has a market capitalization of $335.55 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.28 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company has a fifty day simple moving average of $360.47 and a 200-day simple moving average of $343.54.

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

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.66%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 59.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HD. Wedbush boosted their price target on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. The Goldman Sachs Group increased their price target on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Mizuho began coverage on Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective on the stock. HSBC reaffirmed a “reduce” rating and set a $323.00 target price on shares of Home Depot in a research note on Wednesday, April 3rd. Finally, TD Cowen boosted their price target on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $375.19.

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.