The Home Depot, Inc. (NYSE:HD) Stock Position Raised by Accredited Investors Inc.

Accredited Investors Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,506 shares of the home improvement retailer’s stock after buying an additional 139 shares during the quarter. Accredited Investors Inc.’s holdings in Home Depot were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in Home Depot during the second quarter valued at about $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $33,000. Denver PWM LLC acquired a new stake in Home Depot in the 2nd quarter worth approximately $40,000. Livelsberger Financial Advisory bought a new stake in Home Depot during the third quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the second quarter worth approximately $47,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.6 %

Shares of NYSE:HD opened at $408.18 on Friday. The Home Depot, Inc. has a 52 week low of $302.34 and a 52 week high of $421.56. The company has a market capitalization of $405.44 billion, a PE ratio of 27.73, a P/E/G ratio of 2.84 and a beta of 1.01. The company’s fifty day moving average is $399.51 and its 200-day moving average is $366.56. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.81 earnings per share. Equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot’s dividend payout ratio is 61.14%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of analyst reports. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Evercore ISI boosted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial upped their price target on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday. Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.