Avanza Fonder AB Takes $40.44 Million Position in The Home Depot, Inc. (NYSE:HD)

Avanza Fonder AB bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 103,966 shares of the home improvement retailer's stock, valued at approximately $40,442,000. Home Depot comprises approximately 1.2% of Avanza Fonder AB's portfolio, making the stock its 11th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Procyon Advisors LLC raised its stake in Home Depot by 2.8% in the 4th quarter. Procyon Advisors LLC now owns 34,172 shares of the home improvement retailer's stock valued at $13,293,000 after acquiring an additional 937 shares during the period. Everpar Advisors LLC raised its position in shares of Home Depot by 4.6% in the fourth quarter. Everpar Advisors LLC now owns 2,550 shares of the home improvement retailer's stock worth $992,000 after buying an additional 111 shares in the last quarter. Tompkins Financial Corp boosted its stake in Home Depot by 1.0% during the fourth quarter. Tompkins Financial Corp now owns 34,564 shares of the home improvement retailer's stock valued at $13,445,000 after buying an additional 339 shares during the period. Yarger Wealth Strategies LLC grew its position in Home Depot by 59.2% during the fourth quarter. Yarger Wealth Strategies LLC now owns 973 shares of the home improvement retailer's stock worth $379,000 after buying an additional 362 shares in the last quarter. Finally, RDA Financial Network increased its stake in Home Depot by 11.0% in the 4th quarter. RDA Financial Network now owns 4,799 shares of the home improvement retailer's stock worth $1,867,000 after acquiring an additional 477 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In other 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 sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 12,465 shares of the company's stock, 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 90 days, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 0.0 %

Shares of HD traded up $0.09 on Friday, reaching $409.42. The stock had a trading volume of 3,194,517 shares, compared to its average volume of 2,543,379. The firm has a market capitalization of $406.70 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The company has a 50-day simple moving average of $406.51 and a 200-day simple moving average of $387.81. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month 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.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Piper Sandler boosted their price target 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. Gordon Haskett upgraded shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price objective on the stock in a research report on Wednesday, October 2nd. Guggenheim lifted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Finally, TD Cowen increased their target price on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. One 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.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

About Home Depot

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.