The Home Depot, Inc. (NYSE:HD) Shares Bought by GSG Advisors LLC

GSG Advisors LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,355 shares of the home improvement retailer’s stock after acquiring an additional 39 shares during the quarter. GSG Advisors LLC’s holdings in Home Depot were worth $916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Signal Advisors Wealth LLC boosted its position in shares of Home Depot by 39.8% in the 4th quarter. Signal Advisors Wealth LLC now owns 7,556 shares of the home improvement retailer’s stock worth $2,939,000 after buying an additional 2,153 shares in the last quarter. Arbor Wealth Advisors LLC lifted its holdings in shares of Home Depot by 135.6% in the fourth quarter. Arbor Wealth Advisors LLC now owns 1,461 shares of the home improvement retailer’s stock valued at $568,000 after purchasing an additional 841 shares in the last quarter. Ayrshire Capital Management LLC grew its position in shares of Home Depot by 0.9% in the fourth quarter. Ayrshire Capital Management LLC now owns 16,348 shares of the home improvement retailer’s stock valued at $6,359,000 after purchasing an additional 152 shares during the last quarter. Johnson & White Wealth Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $1,793,000. Finally, Cullen Investment Group LTD. raised its position in shares of Home Depot by 2.5% during the 4th quarter. Cullen Investment Group LTD. now owns 20,046 shares of the home improvement retailer’s stock worth $7,798,000 after purchasing an additional 489 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Wednesday, October 2nd. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and upped their target price for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Mizuho raised their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler boosted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. One research 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

Shares of HD stock opened at $392.98 on Wednesday. The company’s fifty day simple moving average is $405.88 and its 200-day simple moving average is $386.65. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a market cap of $390.37 billion, a PE ratio of 26.70, a P/E/G ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 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 company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the firm posted $3.81 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot 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 sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The transaction 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 company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was 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 over the last 90 days. Company insiders own 0.10% of the company’s stock.

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.