AdvisorNet Financial Inc Acquires 1,424 Shares of The Home Depot, Inc. (NYSE:HD)

AdvisorNet Financial Inc boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 35.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,392 shares of the home improvement retailer's stock after purchasing an additional 1,424 shares during the quarter. AdvisorNet Financial Inc's holdings in Home Depot were worth $2,097,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in Home Depot during the second quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the 3rd quarter valued at about $41,000. Livelsberger Financial Advisory bought a new stake in Home Depot during the 3rd quarter worth approximately $46,000. Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot during the 2nd quarter worth approximately $47,000. Finally, Quarry LP lifted its stake in Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after buying an additional 36 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business'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 sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

HD traded up $13.40 on Wednesday, hitting $406.18. 2,839,282 shares of the stock were exchanged, compared to its average volume of 3,116,973. The firm has a market capitalization of $403.48 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.90 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The business has a 50-day moving average of $405.88 and a two-hundred day moving average of $386.65.

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

Home Depot Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.22%. Home Depot's dividend payout ratio is currently 61.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their target price on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Morgan Stanley raised their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Piper Sandler boosted their price target on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Barclays boosted their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, Gordon Haskett upgraded shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price target for the company in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

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.