The Home Depot, Inc. (NYSE:HD) Shares Acquired by Prospector Partners LLC

Prospector Partners LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 0.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 32,499 shares of the home improvement retailer’s stock after purchasing an additional 130 shares during the period. Home Depot makes up about 1.4% of Prospector Partners LLC’s holdings, making the stock its 29th largest holding. Prospector Partners LLC’s holdings in Home Depot were worth $13,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp grew its holdings in Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after buying an additional 135 shares during the period. China Universal Asset Management Co. Ltd. increased its position in Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after purchasing an additional 623 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Home Depot during the first quarter worth approximately $430,000. Creekmur Asset Management LLC boosted its holdings in shares of Home Depot by 19.2% in the 1st quarter. Creekmur Asset Management LLC now owns 540 shares of the home improvement retailer’s stock valued at $207,000 after purchasing an additional 87 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Home Depot by 13.2% during the 1st quarter. Tidal Investments LLC now owns 58,528 shares of the home improvement retailer’s stock valued at $22,468,000 after buying an additional 6,824 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Up 2.1 %

NYSE:HD opened at $428.67 on Tuesday. The company has a market cap of $425.82 billion, a PE ratio of 29.12, a P/E/G ratio of 2.92 and a beta of 1.01. The business’s 50 day moving average is $404.17 and its two-hundred day moving average is $369.82. 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 52 week low of $308.59 and a 52 week high of $430.25.

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

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research reports. UBS Group raised their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Evercore ISI upped their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Melius Research initiated coverage on Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Finally, Oppenheimer boosted their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. One 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the 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 completion of the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % 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 valued at $15,624,585 in the last quarter. Insiders own 0.10% of the company’s stock.

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.