Premier Path Wealth Partners LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,683 shares of the home improvement retailer's stock after acquiring an additional 641 shares during the period. Premier Path Wealth Partners LLC's holdings in Home Depot were worth $2,600,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. increased its stake in Home Depot by 11.1% during the 2nd quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer's stock valued at $26,477,000 after purchasing an additional 7,702 shares in the last quarter. Sei Investments Co. increased its position in shares of Home Depot by 4.0% during the second quarter. Sei Investments Co. now owns 239,055 shares of the home improvement retailer's stock worth $82,293,000 after acquiring an additional 9,131 shares in the last quarter. ProShare Advisors LLC lifted its position in Home Depot by 8.6% in the 2nd quarter. ProShare Advisors LLC now owns 245,701 shares of the home improvement retailer's stock valued at $84,580,000 after acquiring an additional 19,360 shares in the last quarter. Prospector Partners LLC boosted its stake in Home Depot by 0.7% during the 2nd quarter. Prospector Partners LLC now owns 32,369 shares of the home improvement retailer's stock valued at $11,143,000 after purchasing an additional 240 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in Home Depot by 16,788.3% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 13,004 shares of the home improvement retailer's stock worth $4,476,000 after purchasing an additional 12,927 shares in the last quarter. 70.86% of the stock is owned by institutional investors.
Several research analysts recently issued reports on HD shares. Truist Financial lifted their target price on Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Morgan Stanley lifted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Loop Capital upgraded shares of Home Depot from a "hold" rating to a "buy" rating and increased their target price for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Piper Sandler boosted their price target on shares of Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Finally, 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 note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $426.00.
Check Out Our Latest Research Report on HD
In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 in the last three months. Company insiders own 0.10% of the company's stock.
Shares of NYSE HD opened at $409.42 on Monday. 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 $323.77 and a 1 year high of $439.37. The company's 50-day moving average is $406.51 and its 200 day moving average is $387.81. The stock has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05.
Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.81 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot's payout ratio is 61.14%.
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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