The Home Depot, Inc. (NYSE:HD) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,035 shares of the home improvement retailer’s stock after acquiring an additional 2,665 shares during the quarter. Brighton Jones LLC’s holdings in Home Depot were worth $7,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Keener Financial Planning LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at $31,000. PFG Private Wealth Management LLC increased its stake in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Gilfoyle & Co LLC acquired a new stake in shares of Home Depot during the fourth quarter worth about $35,000. Briaud Financial Planning Inc purchased a new position in shares of Home Depot in the third quarter valued at approximately $41,000. Finally, Quantbot Technologies LP acquired a new position in shares of Home Depot in the third quarter valued at approximately $64,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HD shares. Bank of America upped their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, HSBC reaffirmed a “reduce” rating and set a $323.00 price objective on shares of Home Depot in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Price Performance

Home Depot stock traded down $2.57 during midday trading on Tuesday, hitting $334.23. The company’s stock had a trading volume of 3,088,022 shares, compared to its average volume of 3,341,935. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock’s 50-day moving average price is $364.25 and its 200-day moving average price is $341.58. The company has a market capitalization of $331.23 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter last year, the firm earned $3.30 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. 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. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. 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. Home Depot’s payout ratio is currently 59.60%.

Home Depot Company 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.