The Home Depot, Inc. (NYSE:HD) Holdings Lifted by Bridge Advisory LLC

Bridge Advisory LLC lifted its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 6.6% in the second quarter, HoldingsChannel reports. The firm owned 2,471 shares of the home improvement retailer’s stock after purchasing an additional 154 shares during the period. Bridge Advisory LLC’s holdings in Home Depot were worth $704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HD. Sky Investment Group LLC grew its holdings in Home Depot by 3.4% in the 1st quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock valued at $6,345,000 after buying an additional 703 shares during the last quarter. Barrett Asset Management LLC boosted its stake in Home Depot by 5.6% in the 1st quarter. Barrett Asset Management LLC now owns 66,478 shares of the home improvement retailer’s stock valued at $19,898,000 after buying an additional 3,507 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in Home Depot by 28.5% in the 1st quarter. Everhart Financial Group Inc. now owns 2,062 shares of the home improvement retailer’s stock valued at $617,000 after buying an additional 457 shares in the last quarter. Diversified LLC boosted its stake in Home Depot by 1.5% in the 1st quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock valued at $975,000 after buying an additional 47 shares in the last quarter. Finally, Matisse Capital boosted its stake in Home Depot by 3.9% in the 1st quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer’s stock valued at $797,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the transaction, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at $1,857,646.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the transaction, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at $1,857,646.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matt Carey sold 12,650 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $316.26, for a total value of $4,000,689.00. Following the sale, the executive vice president now owns 34,522 shares in the company, valued at approximately $10,917,927.72. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Robert W. Baird boosted their price target on Home Depot from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, August 16th. UBS Group lifted their price objective on Home Depot from $360.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Morgan Stanley lifted their price objective on Home Depot from $350.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, August 17th. Truist Financial lifted their price objective on Home Depot from $375.00 to $399.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, DA Davidson lifted their price objective on Home Depot to $334.00 in a research report on Monday, August 22nd. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $365.95.

Home Depot Trading Down 0.9 %

NYSE HD opened at $269.14 on Friday. The stock has a 50-day simple moving average of $299.46 and a 200 day simple moving average of $299.57. The company has a market capitalization of $275.53 billion, a PE ratio of 16.54, a P/E/G ratio of 1.47 and a beta of 0.99. The company has a current ratio of 1.18, a quick ratio of 0.25 and a debt-to-equity ratio of 165.70. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $420.61.

Home Depot (NYSE:HDGet Rating) last posted its earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The firm had revenue of $43.79 billion during the quarter, compared to analysts’ expectations of $43.33 billion. During the same period in the previous year, the firm earned $4.53 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Research analysts forecast that The Home Depot, Inc. will post 16.56 EPS for the current year.

Home Depot announced that its board has initiated a stock repurchase program on Thursday, August 18th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to buy up to 4.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $7.60 dividend on an annualized basis and a yield of 2.82%. Home Depot’s payout ratio is 46.71%.

Home Depot Company Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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