Sargent Investment Group LLC Raises Position in The Home Depot, Inc. (NYSE:HD)

Sargent Investment Group LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,061 shares of the home improvement retailer’s stock after purchasing an additional 28 shares during the period. Sargent Investment Group LLC’s holdings in Home Depot were worth $2,861,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Texas Capital Bank Wealth Management Services Inc lifted its position in Home Depot by 27.6% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock valued at $9,348,000 after purchasing an additional 5,879 shares during the period. Pegasus Asset Management Inc. lifted its position in Home Depot by 1.8% during the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after purchasing an additional 86 shares during the last quarter. Swedbank AB increased its stake in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after buying an additional 132,967 shares during the period. LGT Group Foundation raised its holdings in shares of Home Depot by 121.0% in the 2nd quarter. LGT Group Foundation now owns 269,368 shares of the home improvement retailer’s stock valued at $92,727,000 after purchasing an additional 147,482 shares in the last quarter. Finally, CX Institutional raised its holdings in shares of Home Depot by 225.6% in the 3rd quarter. CX Institutional now owns 32,717 shares of the home improvement retailer’s stock valued at $13,257,000 after purchasing an additional 22,668 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on HD shares. Stifel Nicolaus boosted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Wednesday, October 2nd. Oppenheimer upped their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Truist Financial increased their target price on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Melius Research started coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. One 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 company. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Price Performance

HD stock traded down $0.54 during midday trading on Thursday, reaching $409.65. 571,089 shares of the stock were exchanged, compared to its average volume of 3,369,642. The stock has a market capitalization of $406.90 billion, a PE ratio of 27.86, a P/E/G ratio of 2.79 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The company has a fifty day moving average price of $397.67 and a 200 day moving average price of $365.56. The Home Depot, Inc. has a 52 week low of $302.34 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.81 EPS. As a group, analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot 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.