662 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Lighthouse Wealth Management Inc.

Lighthouse Wealth Management Inc. purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 662 shares of the home improvement retailer's stock, valued at approximately $258,000.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in Home Depot during the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth $41,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot during the 3rd quarter valued at $46,000. Strategic Investment Solutions Inc. IL bought a new stake in Home Depot in the second quarter worth $47,000. Finally, Quarry LP increased its position in Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Up 0.3 %

NYSE HD traded up $1.14 on Thursday, reaching $414.56. The company had a trading volume of 3,080,034 shares, compared to its average volume of 3,196,606. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock's 50 day moving average is $407.93 and its 200-day moving average is $391.93. 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 stock has a market cap of $411.81 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly 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 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. Home Depot's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.81 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is 61.14%.

Analyst Ratings Changes

Several research firms have 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 research note on Wednesday, October 2nd. Wells Fargo & Company upped their price target on Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Loop Capital upgraded shares of Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. TD Cowen upped their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the firm's stock in a transaction 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 approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's 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 in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last quarter. Corporate insiders own 0.10% of the company's stock.

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.