Joseph Group Capital Management Purchases 1,668 Shares of The Home Depot, Inc. (NYSE:HD)

Joseph Group Capital Management boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,923 shares of the home improvement retailer's stock after acquiring an additional 1,668 shares during the quarter. Home Depot accounts for 1.7% of Joseph Group Capital Management's portfolio, making the stock its 10th largest position. Joseph Group Capital Management's holdings in Home Depot were worth $4,426,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. OneAscent Wealth Management LLC acquired a new position in shares of Home Depot during the 3rd quarter valued at $319,000. Nixon Peabody Trust Co. boosted its stake in shares of Home Depot by 6.5% during the 3rd quarter. Nixon Peabody Trust Co. now owns 13,295 shares of the home improvement retailer's stock worth $5,387,000 after acquiring an additional 811 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of Home Depot by 1.9% during the 3rd quarter. Meeder Advisory Services Inc. now owns 23,521 shares of the home improvement retailer's stock worth $9,531,000 after acquiring an additional 445 shares in the last quarter. Napa Wealth Management bought a new stake in shares of Home Depot during the 3rd quarter worth $211,000. Finally, Cassaday & Co Wealth Management LLC boosted its stake in shares of Home Depot by 4.3% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 6,510 shares of the home improvement retailer's stock worth $2,638,000 after acquiring an additional 270 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated 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 sale, the executive vice president now directly owns 20,404 shares of the company's stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Gordon Haskett raised Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. Mizuho raised their target price on Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Truist Financial raised their target price on Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Melius Research assumed coverage on Home Depot in a research report on Monday, September 23rd. They issued a "buy" rating and a $420.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Stock Down 0.9 %

NYSE HD traded down $3.56 during trading on Tuesday, hitting $406.88. 3,228,816 shares of the company traded hands, compared to its average volume of 3,380,938. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The business has a fifty day simple moving average of $400.41 and a 200 day simple moving average of $367.33. The company has a market capitalization of $404.15 billion, a P/E ratio of 27.72, a PEG ratio of 2.84 and a beta of 1.01. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 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 analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.81 earnings per share. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. Home Depot's payout ratio is presently 61.14%.

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.