Berger Financial Group Inc acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,332 shares of the home improvement retailer’s stock, valued at approximately $619,000.
Several other institutional investors and hedge funds have also bought and sold shares of HD. Claudia M.P. Batlle CRP R LLC bought a new stake in shares of The Home Depot in the third quarter valued at approximately $34,000. Johnson Midwest Financial LLC bought a new stake in shares of The Home Depot in the fourth quarter valued at approximately $40,000. Arlington Partners LLC bought a new stake in shares of The Home Depot in the fourth quarter valued at approximately $43,000. Planned Solutions Inc. bought a new stake in shares of The Home Depot in the third quarter valued at approximately $45,000. Finally, Catalyst Private Wealth LLC bought a new stake in shares of The Home Depot in the third quarter valued at approximately $45,000. 68.71% of the stock is owned by institutional investors.
Shares of NYSE:HD opened at $278.86 on Friday. The Home Depot, Inc. has a twelve month low of $140.63 and a twelve month high of $292.95. The firm has a market cap of $300.22 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36. The business has a fifty day moving average of $272.19 and a 200-day moving average of $274.68.
The Home Depot (NYSE:HD) last announced its earnings results on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.08 by $0.10. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The company had revenue of $33.54 billion during the quarter, compared to analyst estimates of $32.03 billion. During the same period last year, the company posted $2.53 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 11.76 EPS for the current fiscal year.
HD has been the subject of several research reports. Piper Sandler increased their price objective on The Home Depot from $288.00 to $296.00 and gave the company a “neutral” rating in a research report on Wednesday, November 18th. They noted that the move was a valuation call. Gordon Haskett raised The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 target price for the company in a research report on Thursday, November 12th. Wedbush cut The Home Depot from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 11th. Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a research report on Wednesday, January 13th. Finally, Bank of America raised their target price on The Home Depot from $330.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $293.25.
In related news, COO Edward P. Decker sold 25,595 shares of The Home Depot stock in a transaction dated 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 completion of 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 available through the SEC website. Also, EVP Ann Marie Campbell sold 120 shares of The Home Depot stock in a transaction dated Friday, November 20th. The stock was 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 of the company’s stock, valued at $12,539,757.33. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
The Home Depot Company 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.
See Also: Gross Domestic Product (GDP)
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