JW Cole Advisors Inc. boosted its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.8% during the third quarter, according to the company’s most recent disclosure with the Securities & Exchange Commission. The fund owned 17,253 shares of the home improvement retailer’s stock after buying an additional 307 shares during the period. JW Cole Advisors Inc.’s holdings in Home Depot were worth $4,761,000 as of its most recent filing with the Securities & Exchange Commission.
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A number of other large investors have also recently bought and sold shares of HD. BCK Partners Inc. purchased a new stake in Home Depot in the first quarter valued at approximately $2,933,000. Fairfield Bush & CO. purchased a new stake in Home Depot in the 1st quarter worth approximately $27,000. Ergoteles LLC purchased a new stake in Home Depot in the 1st quarter worth approximately $1,554,000. Equitable Holdings Inc. boosted its position in Home Depot by 7.4% in the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after purchasing an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after purchasing an additional 24,640 shares in the last quarter. Hedge funds and other institutional investors own 68.31% of the company’s stock.
Insider Transactions at Home Depot
In other news, EVP Fahim Siddiqui sold 2,000 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Home Depot news, Director Paula Santilli purchased 1,583 shares of the stock in a transaction dated Wednesday, November 16th. The stock was acquired at an average cost of $315.80 per share, for a total transaction of $499,911.40. Following the acquisition, the director now owns 1,583 shares in the company, valued at approximately $499,911.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 2,000 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total value of $622,580.00. Following the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at $1,222,747.12. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
Analyst Upgrades and Downgrades
Several equity research analysts have commented on HD shares. Guggenheim lowered their price objective on Home Depot to $335.00 in a research report on Thursday, November 17th. Truist Financial lowered their price objective on Home Depot from $400.00 to $382.00 and set a “buy” rating on the stock in a research report on Wednesday, November 16th. Sanford C. Bernstein began coverage on Home Depot in a research report on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 price objective on the stock. Raymond James downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 16th. Finally, Cowen upped their target price at Home Depot from $350.00 to $379.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 13th. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $341.24.
Home Depot Stock Up 0.4 %
Shares of HD opened at $331.21 on Friday. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $382.01. The company has a market capitalization of $339.07 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The stock has a fifty day simple moving average of $318.31 and a two-hundred day simple moving average of $300.75. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16.
Home Depot (NYSE:HD – Get Rating) last issued its earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The business had revenue of $38.87 billion during the quarter, compared to the consensus estimate of $37.96 billion. During the same period last year, the company earned $3.92 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equity analysts forecast that The Home Depot, Inc. will post 16.64 EPS for the current year.
Home Depot Announces Dividends
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, November 30th. Home Depot’s dividend payout ratio is presently 45.81%.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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