HHM Wealth Advisors LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

HHM Wealth Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,175 shares of the home improvement retailer’s stock after buying an additional 514 shares during the quarter. Home Depot comprises 0.4% of HHM Wealth Advisors LLC’s holdings, making the stock its 22nd largest position. HHM Wealth Advisors LLC’s holdings in Home Depot were worth $2,791,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB raised its position in Home Depot by 10.8% in the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after purchasing an additional 16,650 shares during the period. Czech National Bank grew its stake in shares of Home Depot by 7.0% in the third quarter. Czech National Bank now owns 202,002 shares of the home improvement retailer’s stock worth $81,851,000 after acquiring an additional 13,151 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Home Depot by 21.4% in the third quarter. GAMMA Investing LLC now owns 21,823 shares of the home improvement retailer’s stock valued at $8,842,000 after acquiring an additional 3,851 shares in the last quarter. WealthBridge Capital Management LLC raised its position in Home Depot by 52.1% in the 3rd quarter. WealthBridge Capital Management LLC now owns 1,469 shares of the home improvement retailer’s stock valued at $595,000 after purchasing an additional 503 shares in the last quarter. Finally, Smith Anglin Financial LLC lifted its stake in Home Depot by 3.6% in the third quarter. Smith Anglin Financial LLC now owns 2,458 shares of the home improvement retailer’s stock worth $996,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Evercore ISI raised their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays upped their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Mizuho upped their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Price Performance

HD stock opened at $409.18 on Tuesday. The stock has a 50-day moving average price of $407.86 and a two-hundred day moving average price of $392.76. The company has a market cap of $406.46 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last posted 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the business posted $3.81 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction on 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot 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 sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company’s stock.

Home Depot Company 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.