DGS Capital Management LLC Buys 121 Shares of The Home Depot, Inc. (NYSE:HD)

DGS Capital Management LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,414 shares of the home improvement retailer’s stock after buying an additional 121 shares during the period. DGS Capital Management LLC’s holdings in Home Depot were worth $939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HD. Ascent Group LLC grew its position in Home Depot by 6.8% during the second quarter. Ascent Group LLC now owns 24,019 shares of the home improvement retailer’s stock valued at $8,268,000 after acquiring an additional 1,537 shares during the last quarter. Annandale Capital LLC boosted its stake in shares of Home Depot by 9.2% in the 2nd quarter. Annandale Capital LLC now owns 17,749 shares of the home improvement retailer’s stock valued at $6,110,000 after purchasing an additional 1,500 shares in the last quarter. Copperwynd Financial LLC grew its holdings in shares of Home Depot by 8.1% during the 2nd quarter. Copperwynd Financial LLC now owns 4,682 shares of the home improvement retailer’s stock valued at $1,724,000 after purchasing an additional 350 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in Home Depot in the second quarter worth $159,365,000. Finally, Nemes Rush Group LLC grew its stake in shares of Home Depot by 2.1% during the second quarter. Nemes Rush Group LLC now owns 47,461 shares of the home improvement retailer’s stock valued at $16,338,000 after buying an additional 972 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.0 %

Shares of Home Depot stock opened at $414.53 on Monday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market capitalization of $411.77 billion, a PE ratio of 28.16, a P/E/G ratio of 4.32 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company’s fifty day simple moving average is $407.14 and its 200-day simple moving average is $390.53.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s quarterly revenue 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. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The stock was 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 in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HD. Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price on the stock. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Truist Financial boosted their price objective on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report 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 given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

About Home Depot

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.