OPTIMAS CAPITAL Ltd Makes New Investment in The Home Depot, Inc. (NYSE:HD)

OPTIMAS CAPITAL Ltd purchased a new position in The Home Depot, Inc. (NYSE:HDFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,500 shares of the home improvement retailer’s stock, valued at approximately $1,559,000. Home Depot accounts for 1.5% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at approximately $26,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the 1st quarter valued at approximately $27,000. PFG Private Wealth Management LLC lifted its stake in Home Depot by 53.3% during 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 during the last quarter. KB Financial Partners LLC acquired a new position in Home Depot in the first quarter worth $28,000. Finally, Studio Investment Management LLC bought a new stake in Home Depot during the fourth quarter valued at $32,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Wells Fargo & Company boosted their target price on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Truist Financial boosted their target price on shares of Home Depot from $386.00 to $417.00 and gave the company a “buy” rating in a research note on Monday. HSBC lowered shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 target price for the company. in a research note on Wednesday, February 21st. Finally, Wedbush upped their price target on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $376.35.

Get Our Latest Research Report on HD

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Home Depot Stock Down 1.4 %

Shares of NYSE HD opened at $363.00 on Wednesday. The stock has a market cap of $359.74 billion, a PE ratio of 24.04, a PEG ratio of 2.43 and a beta of 0.98. The business has a fifty day moving average of $369.63 and a two-hundred day moving average of $335.67. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $3.30 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.38 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.48%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

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 d├ęcor 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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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