Zions Bancorporation N.A. Has $1.93 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Zions Bancorporation N.A. trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 16.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,593 shares of the home improvement retailer’s stock after selling 1,137 shares during the period. Zions Bancorporation N.A.’s holdings in Home Depot were worth $1,925,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Gilbert & Cook Inc. raised its stake in shares of Home Depot by 3.9% in the 4th quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock valued at $1,475,000 after buying an additional 158 shares in the last quarter. Aveo Capital Partners LLC increased its stake in Home Depot by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after acquiring an additional 122 shares during the period. 9258 Wealth Management LLC raised its position in Home Depot by 4.2% in the fourth quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after purchasing an additional 557 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in Home Depot by 161.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock worth $2,188,000 after purchasing an additional 3,923 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in Home Depot by 46.7% during the fourth quarter. Panagora Asset Management Inc. now owns 81,131 shares of the home improvement retailer’s stock valued at $28,116,000 after purchasing an additional 25,811 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HD. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. DA Davidson boosted their target price on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Evercore ISI dropped their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Thursday. Finally, Truist Financial decreased their price objective 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 investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $387.79.

Home Depot Trading Up 1.1 %

NYSE:HD opened at $374.49 on Friday. The firm has a market capitalization of $371.98 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The business’s 50-day moving average price is $360.13 and its two-hundred day moving average price is $354.18. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the firm earned $4.65 EPS. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders 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 2.40%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

About Home Depot

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.