Eagle Capital Management LLC Reduces Stock Position in The Home Depot, Inc. (NYSE:HD)

Eagle Capital Management LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 0.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,271 shares of the home improvement retailer’s stock after selling 39 shares during the period. Home Depot accounts for about 2.7% of Eagle Capital Management LLC’s holdings, making the stock its 13th largest holding. Eagle Capital Management LLC’s holdings in Home Depot were worth $6,718,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HD. AQR Capital Management LLC lifted its holdings in shares of Home Depot by 92.4% during the 2nd quarter. AQR Capital Management LLC now owns 304,156 shares of the home improvement retailer’s stock worth $103,872,000 after acquiring an additional 146,106 shares during the period. Drucker Wealth 3.0 LLC purchased a new stake in shares of Home Depot during the 2nd quarter valued at $225,000. Deerfield Management Company L.P. Series C acquired a new stake in shares of Home Depot during the 2nd quarter worth $662,000. MBB Public Markets I LLC raised its position in shares of Home Depot by 2,826.7% in the 2nd quarter. MBB Public Markets I LLC now owns 70,474 shares of the home improvement retailer’s stock worth $24,260,000 after buying an additional 68,066 shares during the period. Finally, Maverick Capital Ltd. boosted its holdings in Home Depot by 331.0% in the second quarter. Maverick Capital Ltd. now owns 13,198 shares of the home improvement retailer’s stock valued at $4,543,000 after acquiring an additional 10,136 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

HD stock opened at $414.53 on Friday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock has a market capitalization of $411.77 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock’s fifty day moving average is $407.01 and its two-hundred day moving average is $389.64.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.81 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The firm 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 was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on HD. Royal Bank of Canada upped their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Guggenheim raised their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Stifel Nicolaus lifted their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Truist Financial increased their price target on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot 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.