The Home Depot, Inc. (NYSE:HD) Shares Bought by LRI Investments LLC

LRI Investments LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 641.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,763 shares of the home improvement retailer’s stock after purchasing an additional 23,152 shares during the period. Home Depot makes up approximately 0.9% of LRI Investments LLC’s holdings, making the stock its 17th largest holding. LRI Investments LLC’s holdings in Home Depot were worth $10,844,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Lantz Financial LLC grew its position in Home Depot by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock worth $2,069,000 after purchasing an additional 89 shares during the last quarter. Austin Private Wealth LLC increased its position in shares of Home Depot by 14.7% in the second quarter. Austin Private Wealth LLC now owns 2,023 shares of the home improvement retailer’s stock worth $697,000 after acquiring an additional 260 shares in the last quarter. Wedmont Private Capital raised its position in Home Depot by 7.5% during the second quarter. Wedmont Private Capital now owns 11,354 shares of the home improvement retailer’s stock valued at $4,085,000 after buying an additional 797 shares during the period. M&G Plc increased its stake in Home Depot by 38.1% in the 2nd quarter. M&G Plc now owns 244,978 shares of the home improvement retailer’s stock valued at $84,272,000 after buying an additional 67,558 shares during the period. Finally, Bbjs Financial Advisors LLC acquired a new stake in Home Depot during the second quarter valued at $67,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD 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 stock’s fifty day simple moving average is $410.60 and its two-hundred day simple moving average is $375.37. The stock has a market cap 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 current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its 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 firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period in the previous year, the company posted $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. As a group, analysts forecast 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 will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. 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 61.14%.

Wall Street Analysts Forecast Growth

HD has been the topic of several research analyst reports. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Truist Financial lifted their target price 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. Evercore ISI increased their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Oppenheimer lifted their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

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.