The Home Depot, Inc. (NYSE:HD) Director Buys $499,911.40 in Stock

The Home Depot, Inc. (NYSE:HDGet Rating) Director Paula Santilli purchased 1,583 shares of the stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average price of $315.80 per share, with a total value of $499,911.40. Following the completion of the acquisition, the director now owns 1,583 shares in the company, valued at approximately $499,911.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Home Depot Trading Up 0.6 %

HD opened at $313.18 on Friday. The firm has a market cap of $320.61 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $420.61. The business’s 50 day moving average is $286.40 and its two-hundred day moving average is $292.58. The company has a quick ratio of 0.25, a current ratio of 1.39 and a debt-to-equity ratio of 32.16.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 EPS for the quarter, topping the consensus estimate of $4.11 by $0.13. The company had revenue of $38.87 billion for the quarter, compared to analyst estimates of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.92 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 16.64 EPS for the current year.

Home Depot declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 18th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $1.90 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $7.60 annualized dividend and a dividend yield of 2.43%. Home Depot’s dividend payout ratio (DPR) is currently 45.81%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HD. UBS Group increased their price target on Home Depot from $360.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. JPMorgan Chase & Co. lowered their target price on Home Depot from $347.00 to $300.00 in a report on Friday, November 11th. Piper Sandler lowered their target price on Home Depot from $327.00 to $323.00 and set a “neutral” rating for the company in a report on Wednesday. DA Davidson raised their target price on Home Depot to $334.00 in a report on Monday, August 22nd. Finally, Truist Financial lowered their target price on Home Depot from $400.00 to $382.00 and set a “buy” rating for the company in a report on Wednesday. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $346.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HD. Measured Wealth Private Client Group LLC raised its holdings in shares of Home Depot by 1.5% in the second quarter. Measured Wealth Private Client Group LLC now owns 2,294 shares of the home improvement retailer’s stock worth $629,000 after acquiring an additional 33 shares during the last quarter. Oliver Lagore Vanvalin Investment Group increased its stake in Home Depot by 5.4% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock valued at $178,000 after purchasing an additional 33 shares during the last quarter. Virtue Capital Management LLC increased its stake in Home Depot by 1.4% in the third quarter. Virtue Capital Management LLC now owns 2,476 shares of the home improvement retailer’s stock valued at $683,000 after purchasing an additional 33 shares during the last quarter. Bernardo Wealth Planning LLC increased its stake in Home Depot by 5.1% in the first quarter. Bernardo Wealth Planning LLC now owns 706 shares of the home improvement retailer’s stock valued at $211,000 after purchasing an additional 34 shares during the last quarter. Finally, Coastal Bridge Advisors LLC increased its stake in Home Depot by 0.6% in the third quarter. Coastal Bridge Advisors LLC now owns 5,744 shares of the home improvement retailer’s stock valued at $1,585,000 after purchasing an additional 34 shares during the last quarter. 68.66% of the stock is currently owned by hedge funds and other institutional investors.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Insider Buying and Selling by Quarter for Home Depot (NYSE:HD)

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