The Home Depot, Inc. (NYSE:HD) Position Increased by Smead Capital Management Inc.

Smead Capital Management Inc. lifted its position in The Home Depot, Inc. (NYSE:HD) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 453,225 shares of the home improvement retailer’s stock after buying an additional 3,170 shares during the quarter. Home Depot makes up about 2.8% of Smead Capital Management Inc.’s holdings, making the stock its 17th largest holding. Smead Capital Management Inc.’s holdings in Home Depot were worth $157,065,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Fairfield Bush & CO. acquired a new stake in Home Depot during the 1st quarter valued at $27,000. KB Financial Partners LLC purchased a new position in shares of Home Depot during the first quarter valued at $28,000. Keener Financial Planning LLC acquired a new position in Home Depot during the fourth quarter valued at $31,000. PFG Private Wealth Management LLC lifted its stake in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares in the last quarter. Finally, Studio Investment Management LLC purchased a new stake in Home Depot in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HD shares. DA Davidson reiterated a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. HSBC reiterated a “reduce” rating and issued a $323.00 target price on shares of Home Depot in a research report on Wednesday, April 3rd. Truist Financial restated a “buy” rating and set a $417.00 price target on shares of Home Depot in a report on Wednesday. Royal Bank of Canada increased their price objective on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Finally, StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Trading Up 0.0 %

Shares of HD opened at $332.89 on Friday. The stock’s 50-day moving average price is $367.92 and its 200 day moving average price is $338.97. 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 Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The firm has a market capitalization of $329.90 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.30 earnings per share. As a group, research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given 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 dividend yield of 2.70%. Home Depot’s payout ratio is currently 59.60%.

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.