The Home Depot, Inc. (NYSE:HD) Shares Acquired by Coastwise Capital Group LLC

Coastwise Capital Group LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 16.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,471 shares of the home improvement retailer’s stock after purchasing an additional 212 shares during the period. Coastwise Capital Group LLC’s holdings in Home Depot were worth $596,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HD. Fairway Wealth LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter worth approximately $33,000. Denver PWM LLC purchased a new position in Home Depot during the second quarter worth approximately $40,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot during the 2nd quarter valued at $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s 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 transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last three months. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on HD. Morgan Stanley boosted their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Truist Financial increased their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Price Performance

Home Depot stock opened at $429.13 on Monday. The stock has a fifty day moving average of $407.48 and a 200-day moving average of $372.20. The stock has a market capitalization of $426.28 billion, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 2.98 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $308.59 and a 52 week high of $439.37. 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 (NYSE:HD) last issued its quarterly 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. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the prior year, the firm posted $3.81 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given 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 dividend yield of 2.10%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.