Malaga Cove Capital LLC Buys 696 Shares of The Home Depot, Inc. (NYSE:HD)

Malaga Cove Capital LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 58.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,895 shares of the home improvement retailer’s stock after buying an additional 696 shares during the quarter. Malaga Cove Capital LLC’s holdings in Home Depot were worth $657,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp lifted its position in shares of Home Depot by 1.3% in the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock valued at $3,730,889,000 after buying an additional 153,141 shares during the last quarter. Fisher Asset Management LLC raised its stake in Home Depot by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after acquiring an additional 195,670 shares during the period. International Assets Investment Management LLC lifted its holdings in Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after purchasing an additional 5,525,791 shares during the last quarter. Jennison Associates LLC boosted its position in Home Depot by 38.4% during the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after purchasing an additional 1,207,388 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Home Depot by 11.3% in the third quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after purchasing an additional 346,641 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other 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 value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, 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 legal filing with the SEC, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the 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 transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 2.2 %

Shares of HD stock traded up $7.32 on Friday, hitting $342.85. The company had a trading volume of 4,165,054 shares, compared to its average volume of 3,606,830. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. 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 firm has a market cap of $339.77 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.28 and a beta of 1.01. The stock’s 50-day moving average is $361.75 and its two-hundred day moving average is $342.08.

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

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.63%. Home Depot’s payout ratio is presently 59.60%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HD. Truist Financial restated a “buy” rating and set a $417.00 target price on shares of Home Depot in a research note on Wednesday, April 17th. Citigroup upped their target price on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Robert W. Baird reissued an “outperform” rating and set a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. Wedbush upped their price objective on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Finally, Evercore ISI dropped their target price on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $375.96.

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.