750 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Nabity Jensen Investment Management Inc

Nabity Jensen Investment Management Inc purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 750 shares of the home improvement retailer’s stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Fairway Wealth LLC bought a new position in Home Depot in the second quarter worth about $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at approximately $33,000. Denver PWM LLC purchased a new stake in Home Depot in the second quarter worth $40,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the third quarter worth $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot during the third quarter valued at $46,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HD shares. TD Cowen increased their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Trading Up 1.1 %

Shares of HD stock opened at $431.37 on Monday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm has a fifty day moving average price of $410.60 and a 200-day moving average price of $375.37. The company has a market cap of $428.51 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 3.00 and a beta of 1.03. 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 released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating 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 business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the company posted $3.81 earnings per share. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

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

Insider Activity

In other Home Depot news, 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 value of $40,258.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated 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 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 have sold 38,188 shares of company stock worth $15,624,585 in the last three months. Company 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.