Nicolet Advisory Services LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,242 shares of the home improvement retailer’s stock after buying an additional 799 shares during the period. Nicolet Advisory Services LLC’s holdings in Home Depot were worth $7,508,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. GenTrust LLC increased its holdings in Home Depot by 26.0% during the third quarter. GenTrust LLC now owns 955 shares of the home improvement retailer’s stock worth $387,000 after buying an additional 197 shares during the last quarter. Nwam LLC grew its position in shares of Home Depot by 16.1% in the 3rd quarter. Nwam LLC now owns 7,423 shares of the home improvement retailer’s stock valued at $3,008,000 after acquiring an additional 1,031 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of Home Depot during the 3rd quarter worth about $14,175,000. GM Advisory Group LLC raised its holdings in shares of Home Depot by 8.3% in the 3rd quarter. GM Advisory Group LLC now owns 5,474 shares of the home improvement retailer’s stock valued at $2,218,000 after purchasing an additional 418 shares during the period. Finally, Allen Capital Group LLC lifted its stake in Home Depot by 7.1% in the 3rd quarter. Allen Capital Group LLC now owns 16,520 shares of the home improvement retailer’s stock valued at $6,694,000 after purchasing an additional 1,091 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on HD shares. UBS Group boosted their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Piper Sandler increased their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Bank of America lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley increased their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Melius Research assumed coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. 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’s stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.
Insider Activity
In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s 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 transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the 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 owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.
Home Depot Trading Up 2.3 %
HD opened at $420.01 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52 week low of $308.31 and a 52 week high of $421.56. The stock has a market cap of $417.22 billion, a PE ratio of 28.53, a PEG ratio of 2.85 and a beta of 1.01. The business has a 50 day moving average of $403.23 and a 200-day moving average of $368.84.
Home Depot (NYSE:HD – Get Free Report) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the business earned $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. 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. Stockholders of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.
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.
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