Hallmark Capital Management Inc. Has $3.85 Million Stock Position in The Home Depot, Inc. (NYSE:HD)


Hallmark Capital Management Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,483 shares of the home improvement retailer’s stock after selling 150 shares during the period. Hallmark Capital Management Inc.’s holdings in The Home Depot were worth $3,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Morgan Stanley raised its holdings in shares of The Home Depot by 5.0% in the 3rd quarter. Morgan Stanley now owns 9,970,350 shares of the home improvement retailer’s stock worth $2,768,863,000 after buying an additional 470,651 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of The Home Depot by 4.4% in the 4th quarter. Fisher Asset Management LLC now owns 6,846,024 shares of the home improvement retailer’s stock worth $1,818,441,000 after buying an additional 289,323 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of The Home Depot by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,635,513 shares of the home improvement retailer’s stock worth $1,842,749,000 after buying an additional 47,961 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of The Home Depot by 0.7% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 6,006,011 shares of the home improvement retailer’s stock worth $1,667,929,000 after buying an additional 41,218 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of The Home Depot by 2.2% in the 3rd quarter. California Public Employees Retirement System now owns 3,242,272 shares of the home improvement retailer’s stock worth $900,411,000 after buying an additional 69,479 shares in the last quarter. 68.71% of the stock is owned by institutional investors and hedge funds.

In other The Home Depot news, EVP Ann Marie Campbell sold 120 shares of The Home Depot stock in a transaction dated Friday, November 20th. The stock was sold at an average price of $269.03, for a total transaction of $32,283.60. Following the transaction, the executive vice president now directly owns 46,611 shares in the company, valued at $12,539,757.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Edward P. Decker sold 25,595 shares of The Home Depot stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $269.40, for a total value of $6,895,293.00. Following the completion of the sale, the chief operating officer now directly owns 97,352 shares in the company, valued at approximately $26,226,628.80. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

A number of equities research analysts recently weighed in on HD shares. Wedbush cut The Home Depot from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 11th. Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target for the company in a report on Wednesday, January 13th. Gordon Haskett raised The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 price target for the company in a report on Thursday, November 12th. Morgan Stanley raised their price target on The Home Depot from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, December 4th. Finally, Piper Sandler raised their price target on The Home Depot from $288.00 to $296.00 and gave the company a “neutral” rating in a report on Wednesday, November 18th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $293.25.

NYSE:HD opened at $278.86 on Monday. The Home Depot, Inc. has a 12-month low of $140.63 and a 12-month high of $292.95. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The firm has a market capitalization of $300.22 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.13 and a beta of 1.03. The stock’s fifty day simple moving average is $272.19 and its 200-day simple moving average is $274.68.

The Home Depot (NYSE:HD) last posted its earnings results on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.08 by $0.10. The firm had revenue of $33.54 billion for the quarter, compared to analyst estimates of $32.03 billion. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. During the same period in the previous year, the company posted $2.53 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 11.76 earnings per share for the current year.

The Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Further Reading: What is intrinsic value?

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)



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