Chicago Partners Investment Group LLC Buys 315 Shares of The Home Depot, Inc. (NYSE:HD)

Chicago Partners Investment Group LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,388 shares of the home improvement retailer’s stock after purchasing an additional 315 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Home Depot were worth $2,861,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Synergy Asset Management LLC bought a new position in Home Depot during the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC bought a new stake in Home Depot during the 4th quarter worth approximately $41,000. Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter valued at $46,000. Finally, Quarry LP boosted its stake in Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after purchasing an additional 36 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HD shares. Truist Financial upped their price target on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Wells Fargo & Company upped their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Bank of America upped their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Down 0.6 %

HD stock opened at $411.86 on Monday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market capitalization of $409.13 billion, a P/E ratio of 27.98, a P/E/G ratio of 4.35 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The business has a 50-day moving average of $407.86 and a 200-day moving average of $392.62.

Home Depot (NYSE:HD) last issued its quarterly 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 during 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 quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $3.81 EPS. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was 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 related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were 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 approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % 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 worth $15,624,585 in the last three months. 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.