Bennett Selby Investments LP Acquires 84 Shares of The Home Depot, Inc. (NYSE:HD)

Bennett Selby Investments LP increased its holdings in The Home Depot, Inc. (NYSE:HD) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,104 shares of the home improvement retailer’s stock after acquiring an additional 84 shares during the period. Bennett Selby Investments LP’s holdings in Home Depot were worth $819,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Ascent Group LLC increased its position in shares of Home Depot by 6.8% during the second quarter. Ascent Group LLC now owns 24,019 shares of the home improvement retailer’s stock valued at $8,268,000 after acquiring an additional 1,537 shares during the last quarter. Annandale Capital LLC increased its stake in shares of Home Depot by 9.2% during the 2nd quarter. Annandale Capital LLC now owns 17,749 shares of the home improvement retailer’s stock worth $6,110,000 after purchasing an additional 1,500 shares during the last quarter. Copperwynd Financial LLC raised its holdings in shares of Home Depot by 8.1% in the 2nd quarter. Copperwynd Financial LLC now owns 4,682 shares of the home improvement retailer’s stock worth $1,724,000 after purchasing an additional 350 shares during the period. Magnolia Capital Advisors LLC bought a new position in Home Depot during the second quarter valued at $159,365,000. Finally, Nemes Rush Group LLC increased its position in Home Depot by 2.1% in the second quarter. Nemes Rush Group LLC now owns 47,461 shares of the home improvement retailer’s stock worth $16,338,000 after buying an additional 972 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 in the last 90 days. 0.10% of the stock is owned by company insiders.

Home Depot Trading Up 0.0 %

Shares of HD stock opened at $414.53 on Monday. The business has a 50-day moving average price of $407.14 and a two-hundred day moving average price of $390.53. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market cap of $411.77 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the previous year, the company posted $3.81 EPS. Home Depot’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HD shares. Stifel Nicolaus lifted their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. DA Davidson boosted their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Truist Financial raised their price target on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot 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.