Mount Yale Investment Advisors LLC Buys 2,490 Shares of The Home Depot, Inc. (NYSE:HD)

Mount Yale Investment Advisors LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 25.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,219 shares of the home improvement retailer's stock after purchasing an additional 2,490 shares during the period. Mount Yale Investment Advisors LLC's holdings in Home Depot were worth $4,753,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HD. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC purchased a new position in Home Depot during the 4th quarter valued at $41,000. Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter worth $46,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot in the 2nd quarter worth about $47,000. Finally, Quarry LP boosted its stake in shares of Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company's stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 sale, the executive vice president now owns 77,475 shares of the company's stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last 90 days. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Gordon Haskett upgraded Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price for the company in a research note on Wednesday, October 2nd. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Royal Bank of Canada lifted their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research report on Monday, November 11th. Truist Financial upped their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company lifted their target price on shares of Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $426.00.

Home Depot Stock Performance

Shares of NYSE:HD traded up $1.14 during mid-day trading on Thursday, reaching $414.56. 3,069,842 shares of the company traded hands, compared to its average volume of 3,196,606. The company's 50 day moving average price is $407.93 and its 200-day moving average price is $391.93. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market cap of $411.81 billion, a PE ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $3.81 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

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