PFG Private Wealth Management LLC Has $32,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

PFG Private Wealth Management LLC grew its position in The Home Depot, Inc. (NYSE:HDFree Report) by 53.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 92 shares of the home improvement retailer’s stock after purchasing an additional 32 shares during the period. PFG Private Wealth Management LLC’s holdings in Home Depot were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. VisionPoint Advisory Group LLC acquired a new stake in shares of Home Depot during the second quarter worth $26,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the first quarter worth $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot during the first quarter worth $28,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the first quarter worth $37,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, 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 insiders.

Home Depot Stock Performance

Shares of HD stock opened at $367.97 on Tuesday. The company has a market capitalization of $364.66 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 2.53 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 company has a 50-day simple moving average of $369.40 and a 200 day simple moving average of $335.40. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HDGet Free Report) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate 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 1,339.65%. Home Depot’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.30 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is an increase 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 dividend yield of 2.45%. Home Depot’s payout ratio is presently 59.60%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Home Depot from $386.00 to $417.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen raised their price objective on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research note on Wednesday, February 14th. Wells Fargo & Company lifted their price target on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Wedbush lifted their price target on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $376.15.

Read Our Latest Research Report on HD

Home Depot 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.

See Also

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

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