Narwhal Capital Management Has $21.61 Million Stake in The Home Depot, Inc. (NYSE:HD)

Narwhal Capital Management reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 55,551 shares of the home improvement retailer's stock after selling 5,946 shares during the period. Home Depot accounts for about 1.9% of Narwhal Capital Management's holdings, making the stock its 12th biggest holding. Narwhal Capital Management's holdings in Home Depot were worth $21,609,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in Home Depot by 2.0% during the third quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer's stock worth $8,767,449,000 after buying an additional 433,126 shares during the period. Fisher Asset Management LLC increased its position in Home Depot by 2.2% during the 3rd quarter. Fisher Asset Management LLC now owns 9,426,649 shares of the home improvement retailer's stock worth $3,819,679,000 after purchasing an additional 205,954 shares in the last quarter. International Assets Investment Management LLC raised its stake in Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock valued at $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. FMR LLC lifted its holdings in Home Depot by 10.1% in the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock valued at $3,516,827,000 after purchasing an additional 795,438 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Home Depot by 5.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,030,483 shares of the home improvement retailer's stock worth $3,253,952,000 after buying an additional 409,890 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Home Depot stock traded down $2.64 during mid-day trading on Friday, reaching $411.86. The company had a trading volume of 2,761,013 shares, compared to its average volume of 2,883,614. The company has a 50 day moving average of $407.86 and a 200-day moving average of $392.46. 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 firm has a market cap of $409.13 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 4.35 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 (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the prior year, the business posted $3.81 earnings per share. The company's quarterly revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Home Depot's dividend payout ratio is 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares of the company's stock, valued at approximately $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 Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HD shares. Mizuho increased 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. Royal Bank of Canada raised their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research note on Monday, November 11th. Truist Financial raised their price objective on Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Company 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.