The Home Depot, Inc. (NYSE:HD) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,092 shares of the home improvement retailer’s stock after purchasing an additional 67 shares during the period. Bleakley Financial Group LLC’s holdings in Home Depot were worth $15,984,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kercheville Advisors LLC increased its position in shares of Home Depot by 1.2% during the fourth quarter. Kercheville Advisors LLC now owns 3,350 shares of the home improvement retailer’s stock worth $1,303,000 after acquiring an additional 40 shares during the last quarter. NovaPoint Capital LLC grew its stake in Home Depot by 3.6% during the 4th quarter. NovaPoint Capital LLC now owns 30,547 shares of the home improvement retailer’s stock valued at $11,882,000 after purchasing an additional 1,057 shares in the last quarter. Vision Capital Management Inc. increased its holdings in Home Depot by 12.5% during the 4th quarter. Vision Capital Management Inc. now owns 1,457 shares of the home improvement retailer’s stock worth $567,000 after purchasing an additional 162 shares during the last quarter. Inman Jager Wealth Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $1,099,000. Finally, Tyche Wealth Partners LLC grew its position in shares of Home Depot by 6.0% during the fourth quarter. Tyche Wealth Partners LLC now owns 18,764 shares of the home improvement retailer’s stock worth $7,299,000 after buying an additional 1,069 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD stock opened at $407.39 on Friday. The company has a market capitalization of $404.68 billion, a P/E ratio of 27.68, a PEG ratio of 4.34 and a beta of 1.05. 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 company has a 50-day simple moving average of $406.58 and a 200 day simple moving average of $393.70. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period last year, the firm posted $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Analysts Set New Price Targets

Several analysts recently issued reports on HD shares. Bank of America upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Mizuho upped their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. 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. Sanford C. Bernstein started coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price on the stock. Finally, Truist Financial upped their price target on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot 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 transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the 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 sale, the executive vice president now 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. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

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.