JCIC Asset Management Inc. Acquires 240 Shares of The Home Depot, Inc. (NYSE:HD)

JCIC Asset Management Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,874 shares of the home improvement retailer’s stock after purchasing an additional 240 shares during the quarter. Home Depot accounts for approximately 2.3% of JCIC Asset Management Inc.’s investment portfolio, making the stock its 16th largest position. JCIC Asset Management Inc.’s holdings in Home Depot were worth $5,786,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HD. Fairway Wealth LLC bought a new position in Home Depot in the 2nd quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the 3rd quarter valued at $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the 3rd quarter worth about $46,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the second quarter valued at about $47,000. Finally, Quarry LP increased its stake in shares of Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock valued at $47,000 after buying an additional 36 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Home Depot stock traded up $0.03 during mid-day trading on Monday, hitting $389.92. 2,315,470 shares of the company traded hands, compared to its average volume of 2,942,952. The stock has a fifty day moving average price of $406.15 and a 200-day moving average price of $385.97. The stock has a market cap of $387.33 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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, topping 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 firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the prior year, the business earned $3.81 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts predict 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 2.31%. Home Depot’s payout ratio is 61.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Sanford C. Bernstein began coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report 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, Truist Financial lifted their price objective on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.