Requisite Capital Management LLC Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Requisite Capital Management LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 628 shares of the home improvement retailer’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Congress Wealth Management LLC DE lifted its holdings in Home Depot by 3.7% during the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after purchasing an additional 3,162 shares in the last quarter. Wolf Group Capital Advisors lifted its stake in shares of Home Depot by 6.1% during the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after buying an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new position in Home Depot in the 4th quarter worth $253,000. Psagot Value Holdings Ltd. Israel increased its stake in Home Depot by 8.0% in the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after buying an additional 200 shares in the last quarter. Finally, Zullo Investment Group Inc. lifted its position in shares of Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after acquiring an additional 504 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HD has been the topic of several research analyst reports. Stifel Nicolaus boosted their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Oppenheimer downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $311.00 to $400.00 in a research report on Tuesday, January 16th. Mizuho initiated coverage on Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective on the stock. Finally, StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.35.

View Our Latest Stock Analysis on HD

Home Depot Trading Down 0.8 %

HD stock opened at $360.10 on Thursday. The company’s 50-day simple moving average is $370.13 and its 200-day simple moving average is $336.13. 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 firm has a market cap of $356.87 billion, a P/E ratio of 23.85, a PEG ratio of 2.42 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.30 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.38 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s 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 transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the 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 disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

About Home Depot

(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 d├ęcor 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.

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

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