The Home Depot, Inc. (NYSE:HD) Shares Sold by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA cut its position in The Home Depot, Inc. (NYSE:HD) by 4.8% during the fourth quarter, Holdings Channel reports. The firm owned 6,350 shares of the home improvement retailer’s stock after selling 323 shares during the period. Home Depot makes up approximately 1.7% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 15th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Home Depot were worth $2,470,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of HD. Security National Bank of SO Dak boosted its stake in shares of Home Depot by 3.6% in the fourth quarter. Security National Bank of SO Dak now owns 7,395 shares of the home improvement retailer’s stock worth $2,877,000 after buying an additional 260 shares during the last quarter. SGL Investment Advisors Inc. boosted its position in Home Depot by 2.6% in the 4th quarter. SGL Investment Advisors Inc. now owns 15,910 shares of the home improvement retailer’s stock worth $6,478,000 after purchasing an additional 408 shares in the last quarter. Sherbrooke Park Advisers LLC grew its stake in shares of Home Depot by 400.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 3,486 shares of the home improvement retailer’s stock worth $1,356,000 after purchasing an additional 2,790 shares during the period. Sig Brokerage LP purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $1,030,000. Finally, Rafferty Asset Management LLC lifted its stake in shares of Home Depot by 14.1% in the 4th quarter. Rafferty Asset Management LLC now owns 113,325 shares of the home improvement retailer’s stock valued at $44,082,000 after purchasing an additional 13,984 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock opened at $379.13 on Friday. The business’s 50 day moving average price is $357.87 and its 200 day moving average price is $388.12. The company has a market cap of $376.87 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period last year, the company earned $2.82 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.43%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot’s payout ratio is presently 61.66%.

Analyst Ratings Changes

Several research firms have recently issued reports on HD. Piper Sandler lowered their target price on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Wedbush reiterated an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on Home Depot from $470.00 to $410.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Finally, HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and lifted their price target for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $430.32.

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.