642 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Sepio Capital LP

Sepio Capital LP bought a new position in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 642 shares of the home improvement retailer’s stock, valued at approximately $223,000.

A number of other hedge funds also recently bought and sold shares of HD. Bare Financial Services Inc acquired a new position in shares of Home Depot during the fourth quarter worth approximately $26,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC increased its position in shares of 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 valued at $32,000 after purchasing an additional 32 shares during the period. Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $35,000. Finally, Advantage Trust Co acquired a new stake in Home Depot during the fourth quarter worth $41,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. Truist Financial dropped their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday. Guggenheim reissued a “buy” rating and issued a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Tuesday, May 14th. Finally, Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $377.46.

Insider Buying and Selling

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.5 %

NYSE HD traded down $1.79 on Friday, reaching $325.10. The company had a trading volume of 2,736,871 shares, compared to its average volume of 3,545,034. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The stock’s 50 day moving average is $350.54 and its 200-day moving average is $347.93. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock has a market cap of $322.37 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.24 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. Home Depot’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.82 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.31 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, May 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Home Depot Company 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.