The Home Depot, Inc. (NYSE:HD) Stock Position Reduced by Opus Capital Group LLC

Opus Capital Group LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,221 shares of the home improvement retailer’s stock after selling 58 shares during the quarter. Opus Capital Group LLC’s holdings in Home Depot were worth $770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in shares of Home Depot during the fourth quarter valued at approximately $3,740,875,000. Moneta Group Investment Advisors LLC boosted its position in Home Depot by 105,205.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after purchasing an additional 10,984,516 shares during the period. International Assets Investment Management LLC grew its stake in Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after buying an additional 5,525,791 shares during the last quarter. Imprint Wealth LLC increased its position in Home Depot by 30,994.4% in the second quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer’s stock worth $241,323,000 after buying an additional 2,405,473 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Home Depot in the first quarter valued at $563,524,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the topic of a number of analyst reports. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Truist Financial restated a “buy” rating and issued a $417.00 price target on shares of Home Depot in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Guggenheim reissued a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 target price on shares of Home Depot in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Insider Buying and Selling at Home Depot

In other news, 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 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 approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the company’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 sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.0 %

NYSE:HD opened at $332.89 on Friday. The company has a market capitalization of $329.90 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.22 and a beta of 0.98. The stock’s 50 day moving average price is $367.92 and its 200 day moving average price is $338.97. 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 Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.30 earnings per share. On average, research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.70%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 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.