Wolf Group Capital Advisors Boosts Position in The Home Depot, Inc. (NYSE:HD)

Wolf Group Capital Advisors increased its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,513 shares of the home improvement retailer’s stock after purchasing an additional 430 shares during the quarter. Home Depot makes up approximately 1.3% of Wolf Group Capital Advisors’ portfolio, making the stock its 24th biggest position. Wolf Group Capital Advisors’ holdings in Home Depot were worth $2,604,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC purchased a new stake in Home Depot during the second quarter worth approximately $26,000. Fairfield Bush & CO. purchased a new stake in Home Depot during the first quarter worth 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 purchased a new stake in Home Depot during the first quarter worth approximately $28,000. Finally, Studio Investment Management LLC purchased a new stake in Home Depot during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 1.4 %

Shares of HD stock opened at $363.00 on Wednesday. The business’s fifty day moving average price is $369.63 and its 200 day moving average price is $335.67. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm has a market capitalization of $359.74 billion, a PE ratio of 24.04, a P/E/G ratio of 2.53 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the prior year, the company posted $3.30 earnings per share. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.48%. Home Depot’s dividend payout ratio is 59.60%.

Insider Buying and Selling at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 approximately $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial boosted their price objective on Home Depot from $386.00 to $417.00 and gave the company a “buy” rating in a research note on Monday. Evercore ISI boosted their price objective on Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Tuesday. HSBC cut Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 price objective for the company. in a research note on Wednesday, February 21st. Wells Fargo & Company boosted their price objective on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $376.35.

Get Our Latest Report on Home Depot

Home Depot Profile

(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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