The Home Depot, Inc. (NYSE:HD) Stake Lifted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,110 shares of the home improvement retailer’s stock after acquiring an additional 6,441 shares during the period. Home Depot makes up about 0.8% of Kestra Private Wealth Services LLC’s investment portfolio, making the stock its 17th largest position. Kestra Private Wealth Services LLC’s holdings in Home Depot were worth $29,841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. Keener Financial Planning LLC purchased a new position in Home Depot in the 4th quarter worth about $31,000. PFG Private Wealth Management LLC lifted its position in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares in the last quarter. Gilfoyle & Co LLC purchased a new position in Home Depot during the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc acquired a new stake in Home Depot during the 3rd quarter valued at $41,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Home Depot in the third quarter worth $64,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of NYSE:HD traded up $1.71 during trading on Monday, hitting $336.80. 2,602,918 shares of the stock were exchanged, compared to its average volume of 3,343,672. The company’s fifty day simple moving average is $364.25 and its 200-day simple moving average is $341.58. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The company has a market capitalization of $333.78 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.30 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.67%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is currently 59.60%.

Insider Buying and Selling at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on HD shares. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $325.00 to $372.00 in a research report on Thursday, January 4th. Truist Financial restated a “buy” rating and set a $417.00 price target on shares of Home Depot in a report on Wednesday, April 17th. Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $311.00 to $400.00 in a research report on Tuesday, January 16th. Stifel Nicolaus raised their price target on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Finally, Mizuho assumed coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $375.96.

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.