Blueshift Asset Management LLC Purchases New Shares in The Home Depot, Inc. (NYSE:HD)

Blueshift Asset Management LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 3rd quarter, Holdings Channel reports. The firm acquired 753 shares of the home improvement retailer’s stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jacobs Levy Equity Management Inc. bought a new position in Home Depot during the first quarter valued at $430,000. Verity Asset Management Inc. bought a new position in Home Depot during the 1st quarter valued at about $215,000. Soltis Investment Advisors LLC raised its position in Home Depot by 6.8% in the 1st quarter. Soltis Investment Advisors LLC now owns 2,825 shares of the home improvement retailer’s stock worth $1,084,000 after purchasing an additional 179 shares during the period. Clear Rock Advisors LLC lifted its stake in Home Depot by 1.0% in the first quarter. Clear Rock Advisors LLC now owns 7,802 shares of the home improvement retailer’s stock worth $2,993,000 after purchasing an additional 78 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Home Depot by 32.3% during the first quarter. EverSource Wealth Advisors LLC now owns 26,096 shares of the home improvement retailer’s stock valued at $10,010,000 after buying an additional 6,371 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research analyst reports. Melius Research initiated coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. TD Cowen boosted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. DA Davidson raised their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Sanford C. Bernstein assumed coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Trading Down 0.0 %

Shares of NYSE:HD opened at $427.19 on Friday. The business’s 50-day moving average is $406.69 and its 200 day moving average is $371.20. 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 Home Depot, Inc. has a 1 year low of $308.59 and a 1 year high of $439.37. The firm has a market capitalization of $424.35 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.98 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.81 earnings per share. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred 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 sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction 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 $31,727,562. The trade was a 17.12 % 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 in the last ninety days. Company insiders own 0.10% of the company’s stock.

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.