Lester Murray Antman dba SimplyRich Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Lester Murray Antman dba SimplyRich 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 17,100 shares of the home improvement retailer’s stock after purchasing an additional 29 shares during the period. Home Depot makes up about 1.9% of Lester Murray Antman dba SimplyRich’s investment portfolio, making the stock its 12th largest position. Lester Murray Antman dba SimplyRich’s holdings in Home Depot were worth $6,651,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Davidson Capital Management Inc. grew its stake in shares of Home Depot by 3.7% during the fourth quarter. Davidson Capital Management Inc. now owns 9,302 shares of the home improvement retailer’s stock valued at $3,618,000 after acquiring an additional 333 shares in the last quarter. Jmac Enterprises LLC boosted its holdings in Home Depot by 0.7% in the fourth quarter. Jmac Enterprises LLC now owns 5,096 shares of the home improvement retailer’s stock valued at $1,982,000 after purchasing an additional 33 shares during the last quarter. Great Lakes Retirement Inc. grew its stake in Home Depot by 2.7% during the 4th quarter. Great Lakes Retirement Inc. now owns 5,371 shares of the home improvement retailer’s stock valued at $2,089,000 after purchasing an additional 140 shares in the last quarter. Kentucky Trust Co purchased a new stake in Home Depot during the 4th quarter worth approximately $1,353,000. Finally, Valley Brook Capital Group Inc. raised its position in shares of Home Depot by 0.6% in the 4th quarter. Valley Brook Capital Group Inc. now owns 12,807 shares of the home improvement retailer’s stock valued at $4,982,000 after purchasing an additional 73 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD stock opened at $407.20 on Thursday. The business has a 50 day simple moving average of $405.62 and a 200 day simple moving average of $395.38. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market capitalization of $404.50 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

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, topping 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 company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the prior year, the business posted $3.81 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was 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 of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s 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 completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. TD Cowen boosted their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Truist Financial boosted their price objective on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $428.85.

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.