The Home Depot, Inc. (NYSE:HD) Shares Bought by Access Financial Services Inc.

Access Financial Services Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 4.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,875 shares of the home improvement retailer’s stock after buying an additional 74 shares during the period. Access Financial Services Inc.’s holdings in Home Depot were worth $650,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. VisionPoint Advisory Group LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $26,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $28,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HD shares. Telsey Advisory Group raised their price target on shares of Home Depot from $325.00 to $335.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. Truist Financial lowered their price objective on shares of Home Depot from $387.00 to $386.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. Guggenheim increased their price objective on shares of Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, TD Cowen increased their price objective on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.76.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were 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 directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Home Depot Price Performance

Home Depot stock opened at $383.57 on Friday. The stock has a market cap of $380.13 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 2.55 and a beta of 0.99. The company has a fifty day simple moving average of $368.47 and a 200-day simple moving average of $334.54. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. 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 company earned $3.30 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared 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 is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Home Depot Company 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.