Banque Cantonale Vaudoise Buys 914 Shares of The Home Depot, Inc. (NYSE:HD)

Banque Cantonale Vaudoise grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,559 shares of the home improvement retailer’s stock after buying an additional 914 shares during the quarter. Home Depot accounts for 0.8% of Banque Cantonale Vaudoise’s investment portfolio, making the stock its 17th biggest position. Banque Cantonale Vaudoise’s holdings in Home Depot were worth $19,271,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new stake in Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC purchased a new stake in Home Depot in the second quarter worth approximately $33,000. Denver PWM LLC purchased a new position in shares of Home Depot during the second quarter worth approximately $40,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot in the 2nd quarter valued at $47,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HD. TD Cowen upped their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Truist Financial lifted their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. One equities research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Up 0.6 %

NYSE:HD opened at $410.44 on Tuesday. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56. The company has a market capitalization of $407.69 billion, a PE ratio of 27.88, a P/E/G ratio of 2.84 and a beta of 1.01. The firm’s 50-day moving average price is $400.41 and its 200-day moving average price is $367.33. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.81 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

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 issued a $2.25 dividend. 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 presently 61.14%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

Home Depot 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.