The Home Depot, Inc. (NYSE:HD) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,078 shares of the home improvement retailer’s stock after acquiring an additional 9,491 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Home Depot were worth $61,732,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. DAGCO Inc. lifted its holdings in Home Depot by 0.4% during the first quarter. DAGCO Inc. now owns 7,394 shares of the home improvement retailer’s stock worth $2,276,000 after acquiring an additional 32 shares during the period. Willow Creek Wealth Management Inc. raised its stake in shares of Home Depot by 4.7% in the fourth quarter. Willow Creek Wealth Management Inc. now owns 736 shares of the home improvement retailer’s stock valued at $305,000 after buying an additional 33 shares during the period. Beam Wealth Advisors Inc. raised its stake in shares of Home Depot by 4.9% in the first quarter. Beam Wealth Advisors Inc. now owns 707 shares of the home improvement retailer’s stock valued at $212,000 after buying an additional 33 shares during the period. Shaker Investments LLC OH raised its stake in shares of Home Depot by 1.0% in the first quarter. Shaker Investments LLC OH now owns 3,330 shares of the home improvement retailer’s stock valued at $997,000 after buying an additional 33 shares during the period. Finally, Atticus Wealth Management LLC raised its stake in shares of Home Depot by 0.5% in the first quarter. Atticus Wealth Management LLC now owns 7,098 shares of the home improvement retailer’s stock valued at $2,125,000 after buying an additional 34 shares during the period. 68.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the completion of the transaction, the executive vice president now owns 6,180 shares in the company, valued at $1,857,646.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were 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 owns 6,180 shares in the company, valued at approximately $1,857,646.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares of the company’s stock, valued at approximately $10,917,927.72. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $269.14 on Friday. The firm’s fifty day simple moving average is $299.46 and its two-hundred day simple moving average is $299.57. 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. The firm has a market capitalization of $275.53 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.47 and a beta of 0.99.

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

Home Depot declared that its board has authorized a stock repurchase program on Thursday, August 18th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to reacquire up to 4.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Home Depot Dividend Announcement

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

Wall Street Analysts Forecast Growth

HD has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Home Depot from $335.00 to $311.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. DA Davidson lifted their price target on Home Depot to $334.00 in a research report on Monday, August 22nd. Truist Financial boosted their target price on Home Depot from $375.00 to $399.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Robert W. Baird boosted their target price on Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $365.95.

Home Depot 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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