Hill Island Financial LLC Purchases New Position in The Home Depot, Inc. (NYSE:HD)

Hill Island Financial LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,046 shares of the home improvement retailer’s stock, valued at approximately $362,000.

A number of other institutional investors have also recently made changes to their positions in HD. VisionPoint Advisory Group LLC bought a new stake in Home Depot in the second quarter worth about $26,000. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the first quarter worth approximately $27,000. KB Financial Partners LLC purchased a new position in shares of Home Depot during the first quarter worth approximately $28,000. Studio Investment Management LLC purchased a new position in shares of Home Depot during the fourth quarter worth approximately $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot during the first quarter worth approximately $37,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Telsey Advisory Group raised their target price on shares of Home Depot from $325.00 to $335.00 and gave the stock a “market perform” rating in a research report on Thursday, February 15th. HSBC lowered shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 price objective on the stock. in a report on Wednesday, February 21st. The Goldman Sachs Group lifted their price objective on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. Finally, Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $368.76.

Insider Activity

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD traded down $2.55 during midday trading on Thursday, reaching $383.34. 2,207,248 shares of the company’s stock traded hands, compared to its average volume of 3,142,955. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a market cap of $379.90 billion, a P/E ratio of 25.25, a PEG ratio of 2.51 and a beta of 0.99. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The company has a fifty day simple moving average of $367.86 and a two-hundred day simple moving average of $334.18.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS 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 company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period last year, the business posted $3.30 EPS. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts predict that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

About Home Depot

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.