FCG Investment Co Purchases 223 Shares of The Home Depot, Inc. (NYSE:HD)

FCG Investment Co raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,251 shares of the home improvement retailer’s stock after acquiring an additional 223 shares during the quarter. Home Depot makes up approximately 1.2% of FCG Investment Co’s holdings, making the stock its 22nd biggest position. FCG Investment Co’s holdings in Home Depot were worth $2,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Legacy Investment Solutions LLC acquired a new position in Home Depot during the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $41,000. Livelsberger Financial Advisory bought a new position in Home Depot during the third quarter worth about $46,000. Strategic Investment Solutions Inc. IL acquired a new position in Home Depot during the second quarter worth approximately $47,000. Finally, Quarry LP increased its position in Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after buying an additional 36 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 in the last 90 days. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HD shares. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Barclays increased their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Mizuho increased their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley boosted their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Performance

Home Depot stock opened at $414.53 on Friday. The stock has a market cap of $411.77 billion, a PE ratio of 28.16, a P/E/G ratio of 4.32 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 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. The business’s 50-day moving average price is $407.14 and its two-hundred day moving average price is $390.16.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the prior year, the company earned $3.81 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot’s dividend payout ratio is currently 61.14%.

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.