Capital Market Strategies LLC grew its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,337 shares of the home improvement retailer’s stock after buying an additional 145 shares during the quarter. Home Depot accounts for 1.4% of Capital Market Strategies LLC’s holdings, making the stock its 13th largest holding. Capital Market Strategies LLC’s holdings in Home Depot were worth $2,465,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in Home Depot during the 2nd quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot in the third quarter valued at $41,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the 3rd quarter worth about $46,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot in the 2nd quarter valued at about $47,000. Finally, Quarry LP raised its position in shares of Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after acquiring an additional 36 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Price Performance
HD stock traded up $2.52 during trading on Monday, hitting $391.70. The stock had a trading volume of 1,487,133 shares, compared to its average volume of 2,008,919. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The stock has a market cap of $389.10 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The company’s 50 day moving average price is $406.94 and its two-hundred day moving average price is $384.58. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.
Home Depot Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.30%. Home Depot’s dividend payout ratio is presently 61.14%.
Analysts Set New Price Targets
A number of research firms have weighed in on HD. Truist Financial raised their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Mizuho raised their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Guggenheim raised their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.
Get Our Latest Stock Report on Home Depot
Insider Activity
In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last three months. Corporate insiders own 0.10% of the company’s stock.
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.
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