The Home Depot, Inc. (NYSE:HD) Shares Bought by Wolf Group Capital Advisors

Wolf Group Capital Advisors grew its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,513 shares of the home improvement retailer’s stock after acquiring an additional 430 shares during the quarter. Home Depot comprises approximately 1.3% of Wolf Group Capital Advisors’ holdings, making the stock its 24th largest position. Wolf Group Capital Advisors’ holdings in Home Depot were worth $2,604,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BCK Partners Inc. bought a new stake in shares of Home Depot in the 1st quarter worth $2,933,000. Fairfield Bush & CO. bought a new stake in shares of Home Depot in the 1st quarter worth $27,000. Ergoteles LLC bought a new stake in shares of Home Depot in the 1st quarter worth $1,554,000. Equitable Holdings Inc. raised its stake in shares of 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 buying an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of 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 buying an additional 24,640 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on HD. Evercore ISI boosted their price objective on Home Depot from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. DA Davidson reaffirmed a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research report on Monday. HSBC lowered Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 target price on the stock. in a research report on Wednesday, February 21st. Finally, Telsey Advisory Group boosted their target price on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $376.35.

Get Our Latest Report on Home Depot

Home Depot Stock Performance

Shares of NYSE HD opened at $363.00 on Wednesday. The business’s 50-day moving average price is $369.63 and its two-hundred day moving average price is $335.67. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a market capitalization of $359.74 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the previous year, the company posted $3.30 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

About Home Depot

(Free Report)

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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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