The Home Depot, Inc. (NYSE:HD) Shares Purchased by Little House Capital LLC

Little House Capital LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 22.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,504 shares of the home improvement retailer’s stock after purchasing an additional 1,211 shares during the period. Little House Capital LLC’s holdings in Home Depot were worth $2,254,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HD. Cornerstone Wealth Group LLC grew its holdings in Home Depot by 2.3% in the third quarter. Cornerstone Wealth Group LLC now owns 11,074 shares of the home improvement retailer’s stock valued at $3,346,000 after purchasing an additional 254 shares during the period. Capital Asset Advisory Services LLC grew its holdings in Home Depot by 7.4% in the third quarter. Capital Asset Advisory Services LLC now owns 15,013 shares of the home improvement retailer’s stock valued at $4,475,000 after purchasing an additional 1,039 shares during the period. Greenwood Capital Associates LLC boosted its stake in shares of Home Depot by 3.4% in the third quarter. Greenwood Capital Associates LLC now owns 1,172 shares of the home improvement retailer’s stock worth $354,000 after acquiring an additional 39 shares during the last quarter. Aurora Private Wealth Inc. boosted its stake in shares of Home Depot by 17.6% in the third quarter. Aurora Private Wealth Inc. now owns 840 shares of the home improvement retailer’s stock worth $254,000 after acquiring an additional 126 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Home Depot by 1.1% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 17,246 shares of the home improvement retailer’s stock worth $5,211,000 after acquiring an additional 193 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $311.00 to $400.00 in a research note on Tuesday, January 16th. Telsey Advisory Group lifted their price target on Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. HSBC reaffirmed a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a research note on Wednesday, April 3rd. Bank of America lifted their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Wells Fargo & Company lifted their price target on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Trading Up 0.9 %

NYSE:HD traded up $3.11 on Friday, reaching $335.09. The company’s stock had a trading volume of 2,465,262 shares, compared to its average volume of 3,779,238. 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 stock has a 50 day moving average price of $364.77 and a 200 day moving average price of $340.97. The firm has a market cap of $332.08 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the previous year, the firm posted $3.30 earnings per share. The company’s 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 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.69%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

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.