Mission Creek Capital Partners Inc. Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Mission Creek Capital Partners Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,913 shares of the home improvement retailer’s stock after purchasing an additional 144 shares during the period. Home Depot comprises about 1.2% of Mission Creek Capital Partners Inc.’s holdings, making the stock its 20th largest holding. Mission Creek Capital Partners Inc.’s holdings in Home Depot were worth $5,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Lantz Financial LLC boosted its position in shares of Home Depot by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock worth $2,069,000 after acquiring an additional 89 shares in the last quarter. Kohmann Bosshard Financial Services LLC boosted its holdings in Home Depot by 1.9% in the second quarter. Kohmann Bosshard Financial Services LLC now owns 1,880 shares of the home improvement retailer’s stock valued at $647,000 after purchasing an additional 35 shares in the last quarter. Warther Private Wealth LLC purchased a new position in Home Depot in the second quarter valued at approximately $639,000. CX Institutional raised its holdings in Home Depot by 7.2% during the second quarter. CX Institutional now owns 10,049 shares of the home improvement retailer’s stock worth $3,459,000 after purchasing an additional 672 shares in the last quarter. Finally, Lbmc Investment Advisors LLC lifted its position in shares of Home Depot by 6.3% during the 2nd quarter. Lbmc Investment Advisors LLC now owns 7,430 shares of the home improvement retailer’s stock worth $2,558,000 after buying an additional 438 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Wednesday, October 2nd. Royal Bank of Canada raised their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Bank of America boosted their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Finally, Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Performance

NYSE:HD opened at $429.35 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a fifty-two week low of $318.96 and a fifty-two week high of $439.37. The firm’s fifty day simple moving average is $408.75 and its 200-day simple moving average is $373.39. The stock has a market cap of $426.50 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 2.97 and a beta of 1.03.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.81 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company 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 dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.10%. Home Depot’s payout ratio is 61.14%.

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.