Legacy Investment Solutions LLC Invests $41,000 in The Home Depot, Inc. (NYSE:HD)

Legacy Investment Solutions LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100 shares of the home improvement retailer’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northeast Financial Consultants Inc boosted its position in Home Depot by 0.3% during the third quarter. Northeast Financial Consultants Inc now owns 23,097 shares of the home improvement retailer’s stock valued at $9,359,000 after acquiring an additional 62 shares during the last quarter. Mosaic Financial Group LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at about $315,000. Dunhill Financial LLC grew its stake in Home Depot by 22.1% during the third quarter. Dunhill Financial LLC now owns 607 shares of the home improvement retailer’s stock worth $246,000 after purchasing an additional 110 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Home Depot by 2.1% in the third quarter. Orion Portfolio Solutions LLC now owns 78,071 shares of the home improvement retailer’s stock worth $31,634,000 after purchasing an additional 1,602 shares in the last quarter. Finally, World Investment Advisors LLC lifted its stake in Home Depot by 546.5% in the third quarter. World Investment Advisors LLC now owns 80,011 shares of the home improvement retailer’s stock valued at $32,420,000 after buying an additional 67,635 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 1.1 %

HD stock opened at $431.37 on Monday. The stock has a market cap of $428.51 billion, a P/E ratio of 29.31, a P/E/G ratio of 2.97 and a beta of 1.03. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock’s fifty day simple moving average is $410.60 and its two-hundred day simple moving average is $375.37. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.81 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.09%. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HD shares. Melius Research initiated coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Truist Financial lifted their price target on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Oppenheimer upped their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Wells Fargo & Company raised their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Sanford C. Bernstein assumed coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $426.00.

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.