BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 273,143 Shares of The Home Depot, Inc. (NYSE:HD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 29.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 653,608 shares of the home improvement retailer’s stock after selling 273,143 shares during the quarter. Home Depot accounts for about 0.7% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s investment portfolio, making the stock its 25th biggest position. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.07% of Home Depot worth $250,724,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Bare Financial Services Inc bought a new position in Home Depot in the fourth quarter worth approximately $26,000. Frank Rimerman Advisors LLC bought a new position in Home Depot in the fourth quarter worth approximately $27,000. Keener Financial Planning LLC bought a new position in Home Depot in the fourth quarter worth approximately $31,000. PFG Private Wealth Management LLC grew its stake in 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 purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new position in Home Depot in the fourth quarter worth approximately $35,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD stock traded up $2.77 during midday trading on Wednesday, reaching $371.89. The stock had a trading volume of 3,936,179 shares, compared to its average volume of 3,441,183. The stock has a market cap of $368.77 billion, a PE ratio of 24.94, a P/E/G ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The firm has a fifty day simple moving average of $341.08 and a two-hundred day simple moving average of $352.52. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $3.82 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.42%. Home Depot’s payout ratio is currently 60.36%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HD. Guggenheim reissued a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and increased their target price for the company from $352.00 to $395.00 in a research report on Wednesday, June 26th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research report on Tuesday, May 14th. TD Cowen dropped their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $380.58.

Home Depot Company 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.