J.Safra Asset Management Corp Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

J.Safra Asset Management Corp reduced its position in The Home Depot, Inc. (NYSE:HD) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC purchased a new stake in Home Depot during the 4th quarter worth $31,000. PFG Private Wealth Management LLC boosted its position in shares of Home Depot by 53.3% in the fourth 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 during the period. Gilfoyle & Co LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $35,000. Briaud Financial Planning Inc purchased a new stake in shares of Home Depot during the 3rd quarter valued at about $41,000. Finally, Quantbot Technologies LP acquired a new position in Home Depot during the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Telsey Advisory Group lifted their price target on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. Wedbush upped their price objective on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Guggenheim reissued a “buy” rating and issued a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Stock Performance

Home Depot stock traded down $1.11 during mid-day trading on Thursday, hitting $331.90. 3,786,779 shares of the company’s stock traded hands, compared to its average volume of 3,364,632. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm has a 50 day moving average price of $365.31 and a 200 day moving average price of $340.40. The company has a market cap of $328.92 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98.

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

Home Depot Increases Dividend

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

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $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, CEO Edward P. Decker sold 35,987 shares of Home Depot 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 transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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.