DGS Capital Management LLC Has $929,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

DGS Capital Management LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,293 shares of the home improvement retailer’s stock after purchasing an additional 98 shares during the quarter. DGS Capital Management LLC’s holdings in Home Depot were worth $929,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $25,000. Kings Path Partners LLC bought a new position in Home Depot during the second quarter worth about $33,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the 3rd quarter worth about $41,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the 3rd quarter valued at about $46,000. Finally, Denver PWM LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at approximately $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 0.5 %

NYSE HD traded up $1.96 during trading on Friday, hitting $416.38. 359,873 shares of the company’s stock traded hands, compared to its average volume of 3,362,268. 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 stock has a fifty day moving average of $411.62 and a two-hundred day moving average of $377.35. The firm has a market cap of $413.62 billion, a P/E ratio of 28.16, a PEG ratio of 2.93 and a beta of 1.03. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the firm posted $3.81 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.16%. Home Depot’s payout ratio is 61.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HD. Barclays boosted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Sanford C. Bernstein began coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 in the last quarter. 0.10% of the stock is currently owned by insiders.

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.