Sloy Dahl & Holst LLC Takes $366,000 Position in The Home Depot, Inc. (NYSE:HD)

Sloy Dahl & Holst LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,056 shares of the home improvement retailer’s stock, valued at approximately $366,000.

Several other large investors have also made changes to their positions in the company. Tyche Wealth Partners LLC acquired a new stake in Home Depot during the 4th quarter worth $6,084,000. Arbor Trust Wealth Advisors LLC boosted its position in shares of Home Depot by 7.6% in the 4th quarter. Arbor Trust Wealth Advisors LLC now owns 1,197 shares of the home improvement retailer’s stock worth $415,000 after purchasing an additional 85 shares during the last quarter. Diversified Portfolios Inc. grew its stake in shares of Home Depot by 6.5% during the fourth quarter. Diversified Portfolios Inc. now owns 799 shares of the home improvement retailer’s stock worth $277,000 after purchasing an additional 49 shares during the period. Allen Capital Group LLC increased its holdings in Home Depot by 6.7% in the fourth quarter. Allen Capital Group LLC now owns 14,549 shares of the home improvement retailer’s stock valued at $5,042,000 after purchasing an additional 911 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Home Depot by 11.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 398,888 shares of the home improvement retailer’s stock valued at $138,235,000 after buying an additional 42,083 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 0.6 %

Shares of HD stock opened at $332.83 on Thursday. The stock has a market cap of $329.84 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock has a 50 day simple moving average of $368.54 and a 200 day simple moving average of $339.01.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.30 EPS. On average, research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.70%. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HD. Telsey Advisory Group upped their price target on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. HSBC reiterated a “reduce” rating and issued a $323.00 target price on shares of Home Depot in a report on Wednesday, April 3rd. Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $325.00 to $372.00 in a report on Thursday, January 4th. TD Cowen raised their price objective on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Truist Financial reissued a “buy” rating and issued a $417.00 target price on shares of Home Depot in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s 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 owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.