Arvest Bank Trust Division Buys Shares of 2,072 The Home Depot, Inc. (NYSE:HD)

Arvest Bank Trust Division acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,072 shares of the home improvement retailer's stock, valued at approximately $840,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Fairway Wealth LLC purchased a new stake in shares of Home Depot during the second quarter valued at $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the 2nd quarter worth $33,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth $40,000. Legacy Investment Solutions LLC bought a new stake in Home Depot during the third quarter valued at about $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the third quarter valued at about $46,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Home Depot news, 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 sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 in the last quarter. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HD. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Gordon Haskett upgraded shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price for the company in a research note on Wednesday, October 2nd. Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Wells Fargo & Company raised their price objective on Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Finally, Piper Sandler upped their target price on Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $426.00.

Home Depot Stock Performance

HD stock traded down $6.93 during trading on Thursday, hitting $414.45. 3,672,002 shares of the company traded hands, compared to its average volume of 3,374,974. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market cap of $411.70 billion, a PE ratio of 28.19, a P/E/G ratio of 2.98 and a beta of 1.03. The stock's 50-day simple moving average is $411.56 and its 200 day simple moving average is $377.09. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot's payout ratio is 61.14%.

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.