August 19, 2022

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The Home Depot, Inc. (NYSE:HD) Stock Position Boosted by Hancock Whitney Corp

Hancock Whitney Corp lifted its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 146,644 shares of the home improvement retailer’s stock after buying an additional 566 shares during the quarter. Home Depot makes up approximately 1.9% of Hancock Whitney Corp’s investment portfolio, making the stock its 6th biggest holding. Hancock Whitney Corp’s holdings in Home Depot were worth $60,859,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of HD. Jennison Associates LLC increased its holdings in Home Depot by 84.7% during the third quarter. Jennison Associates LLC now owns 3,983,358 shares of the home improvement retailer’s stock valued at $1,307,577,000 after buying an additional 1,826,227 shares during the period. Nordea Investment Management AB grew its holdings in Home Depot by 104.8% in the third quarter. Nordea Investment Management AB now owns 3,147,694 shares of the home improvement retailer’s stock worth $1,054,478,000 after purchasing an additional 1,611,109 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Home Depot by 11.4% in the third quarter. UBS Asset Management Americas Inc. now owns 5,903,692 shares of the home improvement retailer’s stock worth $1,937,946,000 after purchasing an additional 605,827 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Home Depot by 18.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,417,943 shares of the home improvement retailer’s stock worth $1,122,117,000 after purchasing an additional 521,895 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Home Depot by 3.8% in the third quarter. Morgan Stanley now owns 11,938,903 shares of the home improvement retailer’s stock worth $3,919,065,000 after purchasing an additional 433,190 shares during the last quarter. 69.52% of the stock is currently owned by institutional investors and hedge funds.

NYSE HD opened at $310.68 on Friday. The company has a market capitalization of $324.42 billion, a PE ratio of 20.02, a P/E/G ratio of 2.02 and a beta of 1.06. The company has a fifty day moving average of $340.07 and a 200 day moving average of $362.39. The Home Depot, Inc. has a 1 year low of $296.03 and a 1 year high of $420.61. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.01 and a quick ratio of 0.24.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings data on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.01. Home Depot had a net margin of 10.87% and a return on equity of 2,082.76%. The company had revenue of $35.72 billion during the quarter, compared to analysts’ expectations of $34.85 billion. During the same quarter in the previous year, the company earned $2.74 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts expect that The Home Depot, Inc. will post 16.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were issued a $1.90 dividend. This is a boost from Home Depot’s previous quarterly dividend of $1.65. The ex-dividend date was Wednesday, March 9th. This represents a $7.60 dividend on an annualized basis and a yield of 2.45%. Home Depot’s payout ratio is presently 48.97%.

Several equities analysts have issued reports on HD shares. JPMorgan Chase & Co. cut their price target on shares of Home Depot from $406.00 to $365.00 in a report on Wednesday, February 23rd. Jefferies Financial Group cut their price target on shares of Home Depot from $455.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. Telsey Advisory Group cut their price target on shares of Home Depot from $425.00 to $375.00 and set an “outperform” rating on the stock in a report on Wednesday, February 23rd. TheStreet lowered shares of Home Depot from a “b” rating to a “c+” rating in a report on Tuesday, February 22nd. Finally, Citigroup lowered their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $394.48.

Home Depot Profile (Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

See Also

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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