J.Safra Asset Management Corp Has $276,000 Position in The Home Depot, Inc. (NYSE:HD)

J.Safra Asset Management Corp lessened its position in The Home Depot, Inc. (NYSE:HD) by 7.8% during the 4th quarter, Holdings Channel reports. The firm owned 797 shares of the home improvement retailer’s stock after selling 67 shares during the quarter. J.Safra Asset Management Corp’s holdings in Home Depot were worth $276,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Keener Financial Planning LLC bought a new position in Home Depot in the 4th quarter valued at $31,000. PFG Private Wealth Management LLC lifted its position in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares in the last quarter. Gilfoyle & Co LLC acquired a new position in Home Depot during the 4th quarter worth about $35,000. Briaud Financial Planning Inc acquired a new stake in Home Depot in the 3rd quarter valued at about $41,000. Finally, Quantbot Technologies LP bought a new position in shares of Home Depot in the third quarter worth about $64,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s 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 sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the 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 of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on HD shares. DA Davidson reissued a “neutral” rating and issued a $370.00 price target on shares of Home Depot in a report on Monday, April 1st. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Wells Fargo & Company raised their price target on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Bank of America boosted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $417.00 target price on shares of Home Depot in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Down 0.3 %

Shares of HD traded down $1.11 during midday trading on Thursday, hitting $331.90. The stock had a trading volume of 3,786,779 shares, compared to its average volume of 3,364,632. The firm has a market cap of $328.92 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98. The company has a 50 day simple moving average of $365.31 and a two-hundred day simple moving average of $340.40. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve 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.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same quarter last year, the firm earned $3.30 EPS. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

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

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.