KBC Group NV Boosts Position in The Home Depot, Inc. (NYSE:HD)

KBC Group NV lifted its position in The Home Depot, Inc. (NYSE:HD) by 10.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 435,521 shares of the home improvement retailer’s stock after acquiring an additional 42,720 shares during the period. KBC Group NV’s holdings in Home Depot were worth $176,473,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HD. Fairway Wealth LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the second quarter worth $33,000. Denver PWM LLC bought a new position in shares of Home Depot during the second quarter valued at $40,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the third quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot during the second quarter valued at $47,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. UBS Group upped their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Truist Financial raised their target price on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Trading Up 1.8 %

Shares of NYSE HD opened at $410.39 on Thursday. The stock has a market capitalization of $407.64 billion, a P/E ratio of 27.88, a PEG ratio of 2.79 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The business’s 50 day moving average is $396.76 and its two-hundred day moving average is $365.25. The Home Depot, Inc. has a 1-year low of $300.14 and a 1-year high of $421.56.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the firm posted $3.81 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current year.

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.