The Home Depot, Inc. (NYSE:HD) Shares Bought by MV Capital Management Inc.

MV Capital Management Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the 4th quarter, Holdings Channel reports. The firm owned 7,993 shares of the home improvement retailer’s stock after purchasing an additional 81 shares during the period. MV Capital Management Inc.’s holdings in Home Depot were worth $2,770,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HD. BCK Partners Inc. acquired a new position in shares of Home Depot during the 1st quarter valued at $2,933,000. Fairfield Bush & CO. bought a new stake in shares of Home Depot during the 1st quarter worth $27,000. Ergoteles LLC bought a new stake in shares of Home Depot during the 1st quarter worth $1,554,000. Equitable Holdings Inc. boosted its stake in shares of Home Depot by 7.4% during the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after acquiring an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Home Depot by 3.2% during the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after acquiring an additional 24,640 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

HD opened at $342.87 on Monday. The stock has a market cap of $339.79 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.28 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock has a fifty day moving average price of $369.91 and a 200 day moving average price of $338.58.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period last year, the company earned $3.30 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. HSBC reissued a “reduce” rating and set a $323.00 price objective on shares of Home Depot in a research note on Wednesday, April 3rd. Barclays raised Home Depot from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $325.00 to $372.00 in a research note on Thursday, January 4th. Robert W. Baird reissued an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. Royal Bank of Canada raised their target price on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. Finally, Evercore ISI raised their target price on Home Depot from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $376.35.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’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 transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. Corporate 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.