Riversedge Advisors LLC Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Riversedge Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,119 shares of the home improvement retailer’s stock after buying an additional 119 shares during the period. Riversedge Advisors LLC’s holdings in Home Depot were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Veery Capital LLC bought a new position in Home Depot in the 4th quarter worth about $264,000. Udine Wealth Management Inc. boosted its holdings in shares of Home Depot by 1.9% in the fourth quarter. Udine Wealth Management Inc. now owns 5,520 shares of the home improvement retailer’s stock valued at $2,147,000 after purchasing an additional 104 shares during the period. Astoria Portfolio Advisors LLC. grew its stake in Home Depot by 7.0% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 5,534 shares of the home improvement retailer’s stock worth $2,174,000 after purchasing an additional 360 shares in the last quarter. Smith Salley Wealth Management increased its holdings in Home Depot by 5.3% during the 4th quarter. Smith Salley Wealth Management now owns 20,360 shares of the home improvement retailer’s stock worth $7,920,000 after purchasing an additional 1,019 shares during the period. Finally, Financial Management Professionals Inc. raised its position in Home Depot by 8.3% during the 4th quarter. Financial Management Professionals Inc. now owns 2,296 shares of the home improvement retailer’s stock valued at $893,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.0 %

Home Depot stock opened at $409.42 on Monday. The company has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. 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 fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a 50-day simple moving average of $406.51 and a 200-day simple moving average of $387.81.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.81 earnings per share. Equities research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s payout ratio is 61.14%.

Analyst Ratings Changes

A number of research analysts have commented on HD shares. Oppenheimer raised their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Piper Sandler boosted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Melius Research began coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Guggenheim boosted their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and increased their target price for the company from $360.00 to $455.00 in a research report on Friday, November 8th. One investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Insider Transactions at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock worth $15,624,585. Company insiders own 0.10% of the company’s stock.

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.