Cardano Risk Management B.V. Buys Shares of 306,766 The Home Depot, Inc. (NYSE:HD)

Cardano Risk Management B.V. bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 306,766 shares of the home improvement retailer's stock, valued at approximately $124,302,000. Home Depot accounts for about 2.2% of Cardano Risk Management B.V.'s investment portfolio, making the stock its 16th largest position.

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

Home Depot Trading Up 0.6 %

Shares of NYSE:HD traded up $2.46 during trading hours on Friday, hitting $408.18. 3,239,545 shares of the company's stock traded hands, compared to its average volume of 3,475,878. The firm has a market capitalization of $405.44 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The business has a fifty day moving average price of $399.51 and a 200-day moving average price of $366.81. The Home Depot, Inc. has a 1 year low of $302.34 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33.

Home Depot (NYSE:HD - Get Free Report) last posted 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 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 quarter in the previous year, the business earned $3.81 EPS. Home Depot's revenue was up 6.6% compared to the same quarter last year. Equities analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on HD. Daiwa America raised Home Depot to a "hold" rating in a research note on Thursday, August 15th. Wells Fargo & Company lifted 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 lifted their target price on Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. TD Cowen increased their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a report on Monday, October 28th. Finally, Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a report on Monday, November 11th. 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 stock. According to MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average 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.