Beacon Financial Advisory LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 34.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,643 shares of the home improvement retailer’s stock after purchasing an additional 417 shares during the quarter. Beacon Financial Advisory LLC’s holdings in The Home Depot were worth $436,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Claudia M.P. Batlle CRP R LLC bought a new position in shares of The Home Depot during the third quarter worth about $34,000. Johnson Midwest Financial LLC bought a new position in shares of The Home Depot during the fourth quarter worth about $40,000. Arlington Partners LLC bought a new position in shares of The Home Depot during the fourth quarter worth about $43,000. Planned Solutions Inc. bought a new position in shares of The Home Depot during the third quarter worth about $45,000. Finally, Catalyst Private Wealth LLC bought a new position in shares of The Home Depot during the third quarter worth about $45,000. 68.71% of the stock is currently owned by hedge funds and other institutional investors.
HD stock opened at $285.08 on Tuesday. The stock’s fifty day simple moving average is $270.15 and its two-hundred day simple moving average is $273.61. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39. The Home Depot, Inc. has a 1-year low of $140.63 and a 1-year high of $292.95. The stock has a market cap of $306.92 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.13 and a beta of 1.03.
The Home Depot (NYSE:HD) last posted its quarterly earnings data on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.08 by $0.10. The business had revenue of $33.54 billion for the quarter, compared to analysts’ expectations of $32.03 billion. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. During the same quarter in the previous year, the firm earned $2.53 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.
In other The Home Depot news, COO Edward P. Decker sold 25,595 shares of the business’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $269.40, for a total value of $6,895,293.00. Following the sale, the chief operating officer now directly owns 97,352 shares in the company, valued at $26,226,628.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 120 shares of the business’s stock in a transaction on Friday, November 20th. The shares were sold at an average price of $269.03, for a total value of $32,283.60. Following the completion of the sale, the executive vice president now owns 46,611 shares in the company, valued at $12,539,757.33. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
A number of equities analysts have recently issued reports on HD shares. Piper Sandler raised their price objective on The Home Depot from $288.00 to $296.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 18th. They noted that the move was a valuation call. Guggenheim upgraded The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a report on Wednesday, January 13th. Telsey Advisory Group upgraded The Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $300.00 to $315.00 in a report on Monday, November 16th. Bank of America boosted their price objective on The Home Depot from $330.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Finally, DA Davidson decreased their price objective on The Home Depot from $315.00 to $295.00 and set a “neutral” rating for the company in a report on Wednesday, November 18th. Five equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $293.25.
The Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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