Bryn Mawr Capital Management LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

Bryn Mawr Capital Management LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,650 shares of the home improvement retailer’s stock after purchasing an additional 2,423 shares during the period. Home Depot makes up about 1.1% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 18th biggest position. Bryn Mawr Capital Management LLC’s holdings in Home Depot were worth $17,899,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Naples Global Advisors LLC lifted its stake in Home Depot by 0.5% during the 3rd quarter. Naples Global Advisors LLC now owns 33,690 shares of the home improvement retailer’s stock valued at $10,180,000 after acquiring an additional 162 shares during the period. Clarus Group Inc. lifted its stake in shares of Home Depot by 9.5% in the 3rd quarter. Clarus Group Inc. now owns 1,814 shares of the home improvement retailer’s stock valued at $548,000 after purchasing an additional 158 shares during the period. McBroom & Associates LLC lifted its stake in shares of Home Depot by 4.2% in the 3rd quarter. McBroom & Associates LLC now owns 15,635 shares of the home improvement retailer’s stock valued at $4,724,000 after purchasing an additional 636 shares during the period. Legacy Trust lifted its stake in shares of Home Depot by 0.8% in the 3rd quarter. Legacy Trust now owns 8,483 shares of the home improvement retailer’s stock valued at $2,563,000 after purchasing an additional 70 shares during the period. Finally, Traynor Capital Management Inc. lifted its stake in shares of Home Depot by 1.7% in the 3rd quarter. Traynor Capital Management Inc. now owns 40,423 shares of the home improvement retailer’s stock valued at $12,214,000 after purchasing an additional 682 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several analyst reports. Mizuho started coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. Telsey Advisory Group boosted their price target on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. Piper Sandler raised 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. Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. Finally, Stifel Nicolaus boosted their price target on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Stock Up 0.9 %

HD opened at $335.01 on Friday. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The stock has a market capitalization of $332.00 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The business has a 50-day moving average of $364.77 and a two-hundred day moving average of $340.68. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last announced its earnings results 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 company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the prior year, the company posted $3.30 EPS. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. On average, research analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Insider Activity

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 stock was 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 in the company, valued at approximately $39,712,878.53. The sale 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 company’s stock in a transaction 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 completion of the transaction, 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 document filed with the SEC, which is available through this link. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was 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 owns 107,731 shares of the company’s stock, valued at $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.