Cvfg LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

Cvfg LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,753 shares of the home improvement retailer's stock, valued at approximately $1,071,000. Home Depot accounts for about 1.0% of Cvfg LLC's holdings, making the stock its 26th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cowa LLC increased its holdings in shares of Home Depot by 2.3% during the second quarter. Cowa LLC now owns 2,630 shares of the home improvement retailer's stock valued at $905,000 after acquiring an additional 60 shares in the last quarter. Intech Investment Management LLC grew its holdings in Home Depot by 19.3% during the second quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer's stock worth $13,121,000 after buying an additional 6,163 shares in the last quarter. Brighton Jones LLC grew its holdings in Home Depot by 3.4% during the second quarter. Brighton Jones LLC now owns 23,069 shares of the home improvement retailer's stock worth $7,941,000 after buying an additional 748 shares in the last quarter. EMG Holdings L.P. grew its holdings in Home Depot by 205.0% during the second quarter. EMG Holdings L.P. now owns 15,750 shares of the home improvement retailer's stock worth $5,422,000 after buying an additional 30,750 shares in the last quarter. Finally, Ieq Capital LLC grew its holdings in Home Depot by 10.6% during the second quarter. Ieq Capital LLC now owns 83,761 shares of the home improvement retailer's stock worth $28,834,000 after buying an additional 8,036 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

HD traded up $0.09 during trading on Friday, reaching $409.42. 3,194,517 shares of the company were exchanged, compared to its average volume of 2,543,379. The company's 50-day moving average is $406.44 and its two-hundred day moving average is $386.94. The company has a market cap of $406.70 billion, a price-to-earnings ratio of 27.81, a P/E/G 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 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 issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.81 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot's dividend payout ratio (DPR) is 61.14%.

Analyst Ratings Changes

Several brokerages recently issued reports on HD. Gordon Haskett upgraded Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price target for the company in a report 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 report on Friday, October 4th. Bank of America upped their price target on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Truist Financial upped their price target on Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, Barclays upped their price objective on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. One investment 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $426.00.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $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 available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction dated Monday, November 18th. The stock was 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 $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. 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 ninety days. 0.10% of the stock is currently owned by insiders.

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.