Public Sector Pension Investment Board Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Public Sector Pension Investment Board increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 71.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,039 shares of the home improvement retailer’s stock after buying an additional 15,873 shares during the quarter. Public Sector Pension Investment Board’s holdings in Home Depot were worth $13,095,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares during the period. Fisher Asset Management LLC lifted its position in Home Depot by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock valued at $3,046,485,000 after buying an additional 184,480 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Home Depot by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after buying an additional 971,833 shares during the period. Jennison Associates LLC increased its position in shares of Home Depot by 13.1% during the first quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock valued at $1,886,271,000 after acquiring an additional 569,690 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Home Depot by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock valued at $1,598,316,000 after acquiring an additional 333,312 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.5 %

HD stock opened at $391.96 on Tuesday. 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 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company has a market cap of $388.67 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The company has a fifty day moving average price of $365.62 and a 200 day moving average price of $354.23.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.65 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

Analyst Ratings Changes

A number of research firms recently weighed in on HD. Loop Capital increased their price objective on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research report on Tuesday, September 17th. Royal Bank of Canada lowered their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Evercore ISI cut their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. Finally, Truist Financial cut their price target on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $390.28.

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.