The Home Depot, Inc. (NYSE:HD) Shares Bought by Sargent Investment Group LLC

Sargent Investment Group LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,222 shares of the home improvement retailer’s stock after purchasing an additional 1,161 shares during the quarter. Sargent Investment Group LLC’s holdings in Home Depot were worth $3,200,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cassia Capital Partners LLC lifted its stake in shares of Home Depot by 32.0% in the fourth quarter. Cassia Capital Partners LLC now owns 2,605 shares of the home improvement retailer’s stock worth $1,013,000 after acquiring an additional 632 shares in the last quarter. Greenwood Capital Associates LLC lifted its stake in shares of Home Depot by 2,439.1% in the fourth quarter. Greenwood Capital Associates LLC now owns 23,284 shares of the home improvement retailer’s stock worth $9,057,000 after acquiring an additional 22,367 shares in the last quarter. E. Ohman J or Asset Management AB lifted its stake in shares of Home Depot by 11.9% in the fourth quarter. E. Ohman J or Asset Management AB now owns 45,080 shares of the home improvement retailer’s stock worth $17,536,000 after acquiring an additional 4,780 shares in the last quarter. James J. Burns & Company LLC increased its holdings in Home Depot by 3.3% in the fourth quarter. James J. Burns & Company LLC now owns 7,900 shares of the home improvement retailer’s stock valued at $3,073,000 after buying an additional 251 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in Home Depot by 3.7% in the fourth quarter. Mather Group LLC. now owns 17,033 shares of the home improvement retailer’s stock valued at $6,626,000 after buying an additional 601 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

HD opened at $414.04 on Thursday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business has a 50 day moving average price of $407.11 and a two-hundred day moving average price of $393.41. The company has a market capitalization of $411.29 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. 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 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the firm earned $3.81 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were 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 approximately $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. In the last 90 days, insiders sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley boosted their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $360.00 to $455.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada boosted their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.