The Home Depot, Inc. (NYSE:HD) Shares Acquired by New Millennium Group LLC

New Millennium Group LLC grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 634.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,342 shares of the home improvement retailer's stock after buying an additional 2,023 shares during the quarter. New Millennium Group LLC's holdings in Home Depot were worth $949,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Fairway Wealth LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at about $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot during the 2nd quarter valued at $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 3rd quarter worth $46,000. Denver PWM LLC acquired a new position in Home Depot during the 2nd quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC raised its stake in Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer's stock valued at $48,000 after buying an additional 51 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 1.7 %

Shares of HD stock traded down $6.82 on Wednesday, hitting $399.98. The stock had a trading volume of 4,730,652 shares, compared to its average volume of 3,386,978. The company's 50 day moving average price is $401.72 and its 200-day moving average price is $368.01. The Home Depot, Inc. has a 1 year low of $302.34 and a 1 year high of $421.56. 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 capitalization of $397.30 billion, a P/E ratio of 27.17, a P/E/G ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last issued 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 business had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. During the same quarter in the prior year, the company earned $3.81 earnings per share. The business's quarterly revenue was up 6.6% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

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

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The stock was 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 in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several research analyst reports. Mizuho increased their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a report on Tuesday, September 24th. Guggenheim lifted their price target on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Gordon Haskett raised Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price objective on the stock in a report on Wednesday, October 2nd. Finally, Piper Sandler raised their price target on shares of Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given 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.

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.