The Home Depot, Inc. (NYSE:HD) Position Raised by Consolidated Planning Corp

Consolidated Planning Corp raised its stake in The Home Depot, Inc. (NYSE:HD) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,729 shares of the home improvement retailer’s stock after buying an additional 960 shares during the quarter. Home Depot accounts for approximately 1.6% of Consolidated Planning Corp’s holdings, making the stock its 15th biggest holding. Consolidated Planning Corp’s holdings in Home Depot were worth $11,564,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB increased its holdings in shares of Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after purchasing an additional 16,650 shares during the period. SYM FINANCIAL Corp increased its holdings in shares of Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after purchasing an additional 289 shares during the period. Wealth Group Ltd. acquired a new position in shares of Home Depot during the third quarter valued at $217,000. Creative Planning increased its holdings in shares of Home Depot by 7.0% during the third quarter. Creative Planning now owns 513,327 shares of the home improvement retailer’s stock valued at $199,295,000 after purchasing an additional 33,703 shares during the period. Finally, Swedbank AB increased its holdings in shares of Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after purchasing an additional 132,967 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HD. Sanford C. Bernstein began coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company lifted their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday. Truist Financial lifted their target price on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $431.00.

Home Depot Trading Up 1.4 %

Shares of NYSE HD opened at $412.64 on Friday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market capitalization of $409.90 billion, a PE ratio of 28.03, a PEG ratio of 4.22 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The business has a 50-day moving average price of $405.21 and a two-hundred day moving average price of $395.46.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 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 firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the company posted $3.81 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated 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 sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.