The Home Depot, Inc. (NYSE:HD) Position Boosted by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,204 shares of the home improvement retailer’s stock after purchasing an additional 565 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Home Depot were worth $4,747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Campbell Wealth Management boosted its position in shares of Home Depot by 112.5% during the 4th quarter. Campbell Wealth Management now owns 2,051 shares of the home improvement retailer’s stock valued at $798,000 after purchasing an additional 1,086 shares in the last quarter. Asset Planning Inc bought a new position in shares of Home Depot during the 4th quarter valued at about $686,000. Pictet North America Advisors SA boosted its position in shares of Home Depot by 1.8% during the 4th quarter. Pictet North America Advisors SA now owns 13,666 shares of the home improvement retailer’s stock valued at $5,316,000 after purchasing an additional 244 shares in the last quarter. W.H. Cornerstone Investments Inc. boosted its position in shares of Home Depot by 47.2% during the 4th quarter. W.H. Cornerstone Investments Inc. now owns 1,400 shares of the home improvement retailer’s stock valued at $545,000 after purchasing an additional 449 shares in the last quarter. Finally, CFC Planning Co LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $315,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $409.47 on Friday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market capitalization of $406.76 billion, a PE ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05. The business’s 50 day moving average is $404.93 and its 200-day moving average is $395.58. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $3.81 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on HD. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Truist Financial raised their target price on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley raised their target price on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company raised their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

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.