MBL Wealth LLC Raises Holdings in The Home Depot, Inc. (NYSE:HD)

MBL Wealth LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,594 shares of the home improvement retailer’s stock after purchasing an additional 154 shares during the period. MBL Wealth LLC’s holdings in Home Depot were worth $1,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HD. VisionPoint Advisory Group LLC purchased a new position in Home Depot during the second quarter worth approximately $26,000. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the 1st quarter worth $27,000. KB Financial Partners LLC acquired a new position in shares of Home Depot during the 1st quarter valued at about $28,000. Studio Investment Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot during the first quarter worth about $37,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on 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 directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on HD shares. Mizuho assumed coverage on shares of Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target for the company. Truist Financial lowered their price target on Home Depot from $387.00 to $386.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $325.00 to $372.00 in a research report on Thursday, January 4th. Robert W. Baird reiterated an “outperform” rating and set a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Finally, TD Cowen boosted their price target on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen 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 a consensus price target of $368.76.

Home Depot Stock Down 0.6 %

Home Depot stock traded down $2.29 during trading on Friday, reaching $383.60. The stock had a trading volume of 4,108,328 shares, compared to its average volume of 3,355,391. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The business has a 50 day moving average price of $368.47 and a 200 day moving average price of $334.54. 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 stock has a market cap of $380.16 billion, a PE ratio of 25.40, a P/E/G ratio of 2.55 and a beta of 0.99.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that The Home Depot, Inc. will post 15.39 EPS for the current 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 paid a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.35%. Home Depot’s payout ratio is presently 59.60%.

About Home Depot

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.