1,245 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Optivise Advisory Services LLC

Optivise Advisory Services LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,245 shares of the home improvement retailer’s stock, valued at approximately $504,000.

Several other large investors have also recently added to or reduced their stakes in the company. Waddell & Associates LLC lifted its stake in Home Depot by 1.3% during the third quarter. Waddell & Associates LLC now owns 5,103 shares of the home improvement retailer’s stock worth $2,068,000 after purchasing an additional 66 shares during the last quarter. Nicolet Advisory Services LLC lifted its stake in Home Depot by 4.6% in the third quarter. Nicolet Advisory Services LLC now owns 18,242 shares of the home improvement retailer’s stock valued at $7,508,000 after buying an additional 799 shares during the last quarter. GenTrust LLC lifted its stake in Home Depot by 26.0% in the third quarter. GenTrust LLC now owns 955 shares of the home improvement retailer’s stock valued at $387,000 after buying an additional 197 shares during the last quarter. Nwam LLC lifted its stake in Home Depot by 16.1% in the third quarter. Nwam LLC now owns 7,423 shares of the home improvement retailer’s stock valued at $3,008,000 after buying an additional 1,031 shares during the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in Home Depot in the third quarter valued at $14,175,000. 70.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Up 2.3 %

Shares of NYSE:HD opened at $420.01 on Friday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market cap of $417.22 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $308.31 and a 52 week high of $421.56. The firm has a 50 day simple moving average of $403.23 and a 200 day simple moving average of $368.84.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during 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%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.81 EPS. As a group, research analysts expect 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 given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.14%. Home Depot’s payout ratio is 61.14%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Guggenheim raised their target price on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Royal Bank of Canada raised their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. TD Cowen lifted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Piper Sandler raised their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.