D.A. Davidson & CO. Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

D.A. Davidson & CO. grew its stake in The Home Depot, Inc. (NYSE:HD) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,069 shares of the home improvement retailer’s stock after buying an additional 6,921 shares during the quarter. D.A. Davidson & CO.’s holdings in Home Depot were worth $30,013,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the second quarter valued at $33,000. Denver PWM LLC purchased a new position in Home Depot in the second quarter valued at $40,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the third quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot during the 2nd quarter worth about $47,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on HD. Guggenheim lifted their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus lifted their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Oppenheimer increased their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Finally, Bank of America raised their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,188 shares of company stock worth $15,624,585. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $428.67 on Tuesday. The company’s 50 day moving average is $404.17 and its two-hundred day moving average is $369.82. The firm has a market cap of $425.82 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 2.92 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52-week low of $308.59 and a 52-week high of $430.25.

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

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

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.