The Home Depot, Inc. (NYSE:HD) Shares Bought by BIP Wealth LLC

BIP Wealth LLC increased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,135 shares of the home improvement retailer's stock after purchasing an additional 1,647 shares during the period. BIP Wealth LLC's holdings in Home Depot were worth $7,754,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HD. Fairway Wealth LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $33,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $40,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot during the 2nd quarter valued at $47,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HD. Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Daiwa America upgraded Home Depot to a "hold" rating in a report on Thursday, August 15th. Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Stifel Nicolaus increased their price target on Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, Oppenheimer upped their price objective on Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $426.00.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm's stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.5 %

Home Depot stock traded down $1.86 during midday trading on Tuesday, reaching $408.58. The company's stock had a trading volume of 1,477,733 shares, compared to its average volume of 3,372,940. The stock's 50-day simple moving average is $400.41 and its 200-day simple moving average is $367.33. 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 52-week low of $302.34 and a 52-week high of $421.56. The stock has a market capitalization of $405.84 billion, a P/E ratio of 27.72, a PEG ratio of 2.84 and a beta of 1.01.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 27th. 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.