The Home Depot, Inc. (NYSE:HD) Shares Purchased by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,444 shares of the home improvement retailer’s stock after acquiring an additional 157 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Home Depot were worth $500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. BCK Partners Inc. acquired a new stake in Home Depot during the first quarter worth about $2,933,000. Fairfield Bush & CO. bought a new position in Home Depot in the 1st quarter worth about $27,000. Ergoteles LLC bought a new position in Home Depot in the 1st quarter worth about $1,554,000. Equitable Holdings Inc. grew its position in 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 purchasing an additional 1,007 shares during the last quarter. Finally, First Trust Advisors LP grew its position in 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 purchasing an additional 24,640 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated 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 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 document filed with the SEC, which is available through this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on 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 owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on HD. Mizuho began coverage on shares of Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. Bank of America increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Truist Financial increased their price objective on shares of Home Depot from $386.00 to $417.00 and gave the company a “buy” rating in a report on Monday, April 1st. Guggenheim reiterated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. Finally, Stifel Nicolaus increased their price objective on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Down 0.9 %

HD stock opened at $334.83 on Wednesday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The company has a market cap of $331.82 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.25 and a beta of 0.98. The company has a 50 day moving average of $369.14 and a two-hundred day moving average of $339.05.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the prior year, the business posted $3.30 EPS. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given 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 dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is 59.60%.

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.