Vision Capital Management Inc. Acquires 162 Shares of The Home Depot, Inc. (NYSE:HD)

Vision Capital Management Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,457 shares of the home improvement retailer’s stock after buying an additional 162 shares during the period. Vision Capital Management Inc.’s holdings in Home Depot were worth $567,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HD. AMF Tjanstepension AB lifted its position in Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after acquiring an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp lifted its holdings in Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after purchasing an additional 289 shares during the last quarter. Wealth Group Ltd. bought a new stake in Home Depot in the 3rd quarter valued at $217,000. Capital Insight Partners LLC increased its position in Home Depot by 3.6% during the 3rd quarter. Capital Insight Partners LLC now owns 11,940 shares of the home improvement retailer’s stock worth $4,838,000 after buying an additional 417 shares during the period. Finally, LifePro Asset Management lifted its holdings in shares of Home Depot by 97.4% during the third quarter. LifePro Asset Management now owns 2,248 shares of the home improvement retailer’s stock worth $911,000 after buying an additional 1,109 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on 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 completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,188 shares of company stock worth $15,624,585. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $407.39 on Friday. The business has a 50 day moving average of $406.58 and a 200-day moving average of $393.70. The company has a market capitalization of $404.68 billion, a P/E ratio of 27.68, a P/E/G ratio of 4.34 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) 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 period last year, the company earned $3.81 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.21%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Analysts Set New Price Targets

HD has been the topic of several research reports. Morgan Stanley upped their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Royal Bank of Canada increased their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Truist Financial lifted their price target on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Bank of America raised their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, TD Cowen upped their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

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.