Gulf International Bank UK Ltd Sells 3,501 Shares of The Home Depot, Inc. (NYSE:HD)

Gulf International Bank UK Ltd cut its holdings in The Home Depot, Inc. (NYSE:HD) by 4.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 77,573 shares of the home improvement retailer’s stock after selling 3,501 shares during the quarter. Home Depot comprises approximately 0.8% of Gulf International Bank UK Ltd’s portfolio, making the stock its 18th largest holding. Gulf International Bank UK Ltd’s holdings in Home Depot were worth $31,432,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after buying an additional 8,762,735 shares during the period. Legal & General Group Plc boosted its holdings in shares of Home Depot by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock valued at $2,931,328,000 after buying an additional 100,139 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Home Depot by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after purchasing an additional 971,833 shares during the period. Ameriprise Financial Inc. raised its position in shares of Home Depot by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock valued at $1,980,883,000 after purchasing an additional 138,396 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Home Depot by 13.1% during the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after purchasing an additional 569,690 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

HD stock opened at $395.57 on Tuesday. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. The stock has a market capitalization of $392.92 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01. The company’s 50-day moving average is $392.94 and its 200-day moving average is $362.47. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $4.65 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.28%. Home Depot’s payout ratio is 60.57%.

Analyst Ratings Changes

A number of research analysts recently commented on HD shares. 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, September 12th. UBS Group raised their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Oppenheimer upped their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $413.48.

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.