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

DGS Capital Management LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 2,414 shares of the home improvement retailer’s stock after acquiring an additional 121 shares during the period. DGS Capital Management LLC’s holdings in Home Depot were worth $939,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Ascent Group LLC increased its stake in Home Depot by 6.8% in the 2nd quarter. Ascent Group LLC now owns 24,019 shares of the home improvement retailer’s stock worth $8,268,000 after acquiring an additional 1,537 shares during the last quarter. Annandale Capital LLC grew its holdings in shares of Home Depot by 9.2% in the second quarter. Annandale Capital LLC now owns 17,749 shares of the home improvement retailer’s stock valued at $6,110,000 after purchasing an additional 1,500 shares in the last quarter. Copperwynd Financial LLC increased its position in Home Depot by 8.1% in the second quarter. Copperwynd Financial LLC now owns 4,682 shares of the home improvement retailer’s stock worth $1,724,000 after purchasing an additional 350 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new stake in Home Depot during the second quarter valued at $159,365,000. Finally, Nemes Rush Group LLC lifted its position in Home Depot by 2.1% during the second quarter. Nemes Rush Group LLC now owns 47,461 shares of the home improvement retailer’s stock valued at $16,338,000 after purchasing an additional 972 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HD. Piper Sandler lifted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Morgan Stanley upped their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada lifted their target price on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company lifted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Price Performance

NYSE HD opened at $414.53 on Monday. The company has a market cap of $411.77 billion, a PE ratio of 28.16, a P/E/G ratio of 4.32 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. 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 firm’s 50 day moving average price is $407.14 and its 200-day moving average price is $390.53.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.81 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. 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 is presently 61.14%.

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.