The Home Depot, Inc. (NYSE:HD) Shares Bought by BluePath Capital Management LLC

BluePath Capital Management LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,549 shares of the home improvement retailer's stock after acquiring an additional 2,126 shares during the period. Home Depot accounts for 2.2% of BluePath Capital Management LLC's investment portfolio, making the stock its 6th biggest holding. BluePath Capital Management LLC's holdings in Home Depot were worth $4,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot in the third quarter worth about $41,000. Livelsberger Financial Advisory acquired a new stake in Home Depot in the 3rd quarter worth approximately $46,000. Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the second quarter worth approximately $47,000. Quarry LP grew its holdings in Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after purchasing an additional 36 shares during the last quarter. Finally, Semmax Financial Advisors Inc. raised its position in shares of Home Depot by 111.3% in the second quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock valued at $53,000 after purchasing an additional 79 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 owns 12,465 shares of the company's stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of 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. In the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HD. Evercore ISI raised their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a research report on Tuesday, September 24th. Mizuho increased their price objective on Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Melius Research initiated coverage on Home Depot in a research note on Monday, September 23rd. They set a "buy" rating and a $420.00 price target on the stock. Finally, DA Davidson lifted their price objective on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One 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's stock. According to MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Stock Performance

Shares of HD traded up $0.15 during trading hours on Friday, hitting $409.48. The company had a trading volume of 2,266,918 shares, compared to its average volume of 3,120,548. The firm has a market cap of $406.76 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 4.11 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business has a fifty day moving average of $406.24 and a 200-day moving average of $386.78. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.20%. 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.