Texas Capital Bancshares Inc TX Has $1.61 Million Position in The Home Depot, Inc. $HD

Texas Capital Bancshares Inc TX lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,401 shares of the home improvement retailer’s stock after selling 116 shares during the period. Home Depot accounts for about 0.7% of Texas Capital Bancshares Inc TX’s portfolio, making the stock its 15th largest position. Texas Capital Bancshares Inc TX’s holdings in Home Depot were worth $1,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Financial Gravity Asset Management Inc. acquired a new position in Home Depot during the first quarter worth $406,000. Wealth Management Partners LLC raised its holdings in Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock worth $2,384,000 after buying an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV raised its holdings in Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock worth $1,757,000 after buying an additional 221 shares during the last quarter. ARS Wealth Advisors Group LLC raised its holdings in Home Depot by 0.8% during the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock worth $11,628,000 after buying an additional 239 shares during the last quarter. Finally, Tabor Asset Management LP bought a new stake in shares of Home Depot in the 1st quarter worth $5,886,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 1.2%

Shares of Home Depot stock opened at $394.68 on Tuesday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a market cap of $392.68 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.80 and a beta of 1.00. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The company’s 50-day moving average price is $371.05 and its 200-day moving average price is $371.19.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.63 earnings per share. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is currently 62.42%.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. Gordon Haskett upped their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. TD Securities lowered shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. Robert W. Baird reduced their target price on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, May 21st. Morgan Stanley reiterated an “overweight” rating and issued a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Finally, DA Davidson reduced their target price on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $427.76.

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.