Fmr LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

FMR LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,679,237 shares of the home improvement retailer's stock after acquiring an additional 795,438 shares during the period. FMR LLC owned approximately 0.87% of Home Depot worth $3,516,827,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter worth approximately $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the second quarter worth about $33,000. Denver PWM LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot in the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company'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 transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research note on Monday, November 11th. Oppenheimer raised 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. Morgan Stanley boosted their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, October 21st. UBS Group lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Finally, Piper Sandler increased their price objective on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Stock Performance

HD traded up $0.26 on Tuesday, reaching $428.93. The company had a trading volume of 1,567,760 shares, compared to its average volume of 3,391,815. The stock has a 50-day moving average price of $404.17 and a 200-day moving average price of $369.82. The stock has a market capitalization of $426.08 billion, a PE ratio of 28.94, a P/E/G ratio of 2.92 and a beta of 1.01. 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 1 year low of $308.59 and a 1 year high of $430.25.

Home Depot (NYSE:HD - Get Free Report) last announced its 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 net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. During the same period in the prior year, the company earned $3.81 earnings per share. The business's revenue was up 6.6% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date 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.