The Home Depot, Inc. (NYSE:HD) Shares Purchased by Zhang Financial LLC

Zhang Financial LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,114 shares of the home improvement retailer’s stock after purchasing an additional 41 shares during the quarter. Zhang Financial LLC’s holdings in Home Depot were worth $1,426,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Congress Wealth Management LLC DE grew its position in Home Depot by 3.7% in the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after acquiring an additional 3,162 shares in the last quarter. Wolf Group Capital Advisors grew its position in Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after acquiring an additional 430 shares in the last quarter. Alliance Wealth Management Group purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $253,000. Psagot Value Holdings Ltd. Israel boosted its stake in shares of Home Depot by 8.0% during the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock valued at $819,000 after buying an additional 200 shares during the last quarter. Finally, Zullo Investment Group Inc. boosted its stake in shares of Home Depot by 6.6% during the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after buying an additional 504 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $335.36 on Friday. The firm has a market capitalization of $332.35 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. 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 Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock’s fifty day moving average is $367.36 and its 200-day moving average is $339.21.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $3.30 earnings per share. Equities analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.68%. Home Depot’s payout ratio is 59.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup increased their target price on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Truist Financial reiterated a “buy” rating and set a $417.00 target price on shares of Home Depot in a research note on Wednesday. Evercore ISI reduced their target price on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday. Telsey Advisory Group increased their target price on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. Finally, Bank of America raised their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen 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 an average price target of $375.96.

Insiders Place Their Bets

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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 stock was 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 owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s 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 sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.