Helen Stephens Group LLC Invests $229,000 in The Home Depot, Inc. (NYSE:HD)

Helen Stephens Group LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HDFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 661 shares of the home improvement retailer’s stock, valued at approximately $229,000.

Several other institutional investors have also modified their holdings of the stock. BCK Partners Inc. acquired a new position in shares of Home Depot during the first quarter worth about $2,933,000. Fairfield Bush & CO. acquired a new position in shares of Home Depot during the first quarter worth about $27,000. Ergoteles LLC purchased a new stake in Home Depot during the first quarter worth approximately $1,554,000. Equitable Holdings Inc. lifted its stake in Home Depot by 7.4% during the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after purchasing an additional 1,007 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Home Depot by 3.2% during the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after purchasing an additional 24,640 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $311.00 to $400.00 in a research note on Tuesday, January 16th. The Goldman Sachs Group upped their price target on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Finally, Stifel Nicolaus upped their price target on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $366.76.

Read Our Latest Report on HD

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’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 transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, 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. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Home Depot Stock Down 1.2 %

Shares of NYSE:HD opened at $390.28 on Monday. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The stock’s fifty day simple moving average is $366.87 and its 200-day simple moving average is $333.43. The company has a market capitalization of $386.78 billion, a P/E ratio of 25.85, a P/E/G ratio of 2.58 and a beta of 0.99.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the prior year, the business posted $3.30 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.31%. Home Depot’s dividend payout ratio is 59.60%.

Home Depot Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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