Simmons Bank Has $12.05 Million Holdings in The Home Depot, Inc. (NYSE:HD)

by · The Cerbat Gem

Simmons Bank decreased its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,747 shares of the home improvement retailer’s stock after selling 372 shares during the quarter. Home Depot accounts for about 0.9% of Simmons Bank’s portfolio, making the stock its 27th largest holding. Simmons Bank’s holdings in Home Depot were worth $12,053,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HD. Abacus Wealth Partners LLC raised its position in Home Depot by 3.7% during the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock valued at $285,000 after acquiring an additional 25 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Home Depot by 0.7% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock valued at $1,469,000 after purchasing an additional 25 shares during the period. Ruedi Wealth Management Inc. boosted its holdings in Home Depot by 1.2% during the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after buying an additional 27 shares in the last quarter. Acorn Creek Capital LLC grew its position in Home Depot by 3.4% during the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after buying an additional 28 shares during the period. Finally, Consolidated Portfolio Review Corp increased its holdings in Home Depot by 1.9% in the third quarter. Consolidated Portfolio Review Corp now owns 1,524 shares of the home improvement retailer’s stock valued at $617,000 after buying an additional 28 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $403.17 on Wednesday. The Home Depot, Inc. has a one year low of $287.24 and a one year high of $421.56. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The firm’s 50 day moving average price is $396.76 and its 200-day moving average price is $365.25. The firm has a market cap of $400.46 billion, a P/E ratio of 27.13, a P/E/G ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the previous year, the firm posted $4.65 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.23%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HD shares. Evercore ISI dropped their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Guggenheim upped their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Oppenheimer boosted their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Sanford C. Bernstein started coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Finally, UBS Group upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $423.74.

Check Out Our Latest Analysis on HD

About Home Depot

(Free Report)

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.

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