Sugarloaf Wealth Management LLC Has $8.20 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Sugarloaf Wealth Management LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,079 shares of the home improvement retailer’s stock after buying an additional 3,742 shares during the period. Home Depot accounts for 1.4% of Sugarloaf Wealth Management LLC’s holdings, making the stock its 15th largest holding. Sugarloaf Wealth Management LLC’s holdings in Home Depot were worth $8,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. AdvisorShares Investments LLC bought a new stake in shares of Home Depot in the second quarter worth $461,000. Linscomb Wealth Inc. increased its stake in shares of Home Depot by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 6,584 shares of the home improvement retailer’s stock valued at $2,267,000 after buying an additional 90 shares during the period. American Century Companies Inc. raised its position in shares of Home Depot by 9.8% during the second quarter. American Century Companies Inc. now owns 928,603 shares of the home improvement retailer’s stock worth $319,662,000 after acquiring an additional 82,740 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of Home Depot by 18.0% during the second quarter. Y.D. More Investments Ltd now owns 975 shares of the home improvement retailer’s stock worth $335,000 after acquiring an additional 149 shares during the last quarter. Finally, Achmea Investment Management B.V. boosted its holdings in Home Depot by 2.8% in the second quarter. Achmea Investment Management B.V. now owns 125,101 shares of the home improvement retailer’s stock valued at $43,065,000 after acquiring an additional 3,429 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock traded up $3.68 during mid-day trading on Friday, reaching $390.88. The company’s stock had a trading volume of 3,661,763 shares, compared to its average volume of 2,766,490. The firm’s fifty day moving average price is $406.19 and its two-hundred day moving average price is $385.06. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a market capitalization of $388.29 billion, a P/E ratio of 26.55, a PEG ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 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 business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the company earned $3.81 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % 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 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Truist Financial raised their target price on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus increased their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, Melius Research started coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

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.