By otakuyassine3@gmail.com 
Signal Advisors Wealth LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 39.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,556 shares of the home improvement retailer’s stock after acquiring an additional 2,153 shares during the period. Signal Advisors Wealth LLC’s holdings in Home Depot were worth $2,939,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Home Depot during the 2nd quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in Home Depot during the 3rd quarter valued at about $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the third quarter worth about $46,000. Strategic Investment Solutions Inc. IL acquired a new position in Home Depot during the second quarter worth about $47,000. Finally, Quarry LP lifted its holdings in shares of Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock valued at $47,000 after purchasing an additional 36 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on HD shares. Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Oppenheimer boosted their price target on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Guggenheim increased their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Finally, Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and upped their target price for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $426.00.
Check Out Our Latest Research Report on HD
Insider Activity at Home Depot
In other news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company’s stock.
Home Depot Stock Performance
NYSE HD opened at $392.98 on Wednesday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market capitalization of $390.37 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.90 and a beta of 1.05. The business’s 50-day simple moving average is $405.88 and its 200-day simple moving average is $386.65.
Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the previous year, the company posted $3.81 earnings per share. Home Depot’s revenue was up 6.6% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.
Home Depot Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is 61.14%.
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.
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