The Home Depot, Inc. (NYSE:HD) Shares Purchased by Allen Capital Group LLC

Allen Capital Group LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,520 shares of the home improvement retailer’s stock after buying an additional 1,091 shares during the period. Home Depot makes up 0.8% of Allen Capital Group LLC’s portfolio, making the stock its 29th biggest position. Allen Capital Group LLC’s holdings in Home Depot were worth $6,694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in HD. Raymond James Trust N.A. boosted its holdings in shares of Home Depot by 0.7% during the third quarter. Raymond James Trust N.A. now owns 148,540 shares of the home improvement retailer’s stock worth $60,188,000 after purchasing an additional 990 shares during the period. AlphaCore Capital LLC boosted its holdings in shares of Home Depot by 5.5% during the third quarter. AlphaCore Capital LLC now owns 8,168 shares of the home improvement retailer’s stock worth $3,310,000 after purchasing an additional 429 shares during the period. 49 Wealth Management LLC boosted its holdings in shares of Home Depot by 15.9% during the third quarter. 49 Wealth Management LLC now owns 1,124 shares of the home improvement retailer’s stock worth $456,000 after purchasing an additional 154 shares during the period. Lathrop Investment Management Corp boosted its holdings in shares of Home Depot by 0.4% during the third quarter. Lathrop Investment Management Corp now owns 38,047 shares of the home improvement retailer’s stock worth $15,417,000 after purchasing an additional 165 shares during the period. Finally, L & S Advisors Inc boosted its holdings in shares of Home Depot by 3.0% during the third quarter. L & S Advisors Inc now owns 7,760 shares of the home improvement retailer’s stock worth $3,144,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD opened at $410.18 on Friday. The company has a market capitalization of $407.43 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 2.83 and a beta of 1.01. The firm’s 50 day simple moving average is $402.43 and its 200 day simple moving average is $368.30. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a fifty-two week low of $306.48 and a fifty-two week high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company posted $3.81 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.19%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Insiders Place Their Bets

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HD. Oppenheimer boosted their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company boosted their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Melius Research began coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. Finally, Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

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.