The Home Depot, Inc. (NYSE:HD) Shares Purchased by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 17,100 shares of the home improvement retailer’s stock after buying an additional 29 shares during the quarter. Home Depot comprises about 1.9% of Lester Murray Antman dba SimplyRich’s holdings, making the stock its 12th biggest position. Lester Murray Antman dba SimplyRich’s holdings in Home Depot were worth $6,651,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HD. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new position in Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC acquired a new stake in Home Depot during the 4th quarter valued at $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the third quarter valued at $46,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 2.2 %

Home Depot stock opened at $407.20 on Thursday. 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 fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a fifty day moving average price of $405.62 and a two-hundred day moving average price of $395.38. The firm has a market cap of $404.50 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 4.22 and a beta of 1.05.

Home Depot (NYSE:HD) last posted 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. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period in the previous year, the company posted $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Insider Buying and Selling at Home Depot

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

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. Truist Financial lifted their price target on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday. TD Cowen lifted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday. DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $428.85.

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.