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

Ewa LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 15.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,209 shares of the home improvement retailer’s stock after purchasing an additional 165 shares during the quarter. Ewa LLC’s holdings in Home Depot were worth $491,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Groupama Asset Managment raised its holdings in Home Depot by 9.9% in the third quarter. Groupama Asset Managment now owns 41,392 shares of the home improvement retailer’s stock valued at $168,000 after acquiring an additional 3,734 shares in the last quarter. Roffman Miller Associates Inc. PA raised its holdings in Home Depot by 0.6% in the third quarter. Roffman Miller Associates Inc. PA now owns 138,805 shares of the home improvement retailer’s stock valued at $56,244,000 after acquiring an additional 819 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Home Depot by 3.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 520,013 shares of the home improvement retailer’s stock valued at $210,709,000 after acquiring an additional 17,269 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its stake in Home Depot by 2.5% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 9,642 shares of the home improvement retailer’s stock valued at $3,907,000 after purchasing an additional 239 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in Home Depot by 5.8% in the third quarter. MML Investors Services LLC now owns 273,246 shares of the home improvement retailer’s stock valued at $110,719,000 after purchasing an additional 15,073 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the 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 sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the 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 sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. DA Davidson increased their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. UBS Group raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and raised their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Piper Sandler raised their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Trading Up 1.1 %

NYSE:HD opened at $431.37 on Monday. The company has a market capitalization of $428.51 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03. 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 $323.77 and a 52-week high of $439.37. The stock has a fifty day simple moving average of $410.60 and a 200-day simple moving average of $375.37.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.81 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced 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 yield of 2.09%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.