1,635 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Northcape Capital Pty Ltd

Northcape Capital Pty Ltd bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,635 shares of the home improvement retailer's stock, valued at approximately $663,000. Home Depot accounts for approximately 0.1% of Northcape Capital Pty Ltd's holdings, making the stock its 29th largest position.

Other large investors have also recently bought and sold shares of the company. Texas Capital Bank Wealth Management Services Inc grew its stake in shares of Home Depot by 27.6% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock worth $9,348,000 after purchasing an additional 5,879 shares during the last quarter. Empirical Finance LLC increased its position in shares of Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer's stock worth $14,242,000 after acquiring an additional 1,195 shares in the last quarter. Commonwealth Retirement Investments LLC increased its position in shares of Home Depot by 5.5% in the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer's stock worth $7,146,000 after acquiring an additional 965 shares in the last quarter. Leeward Financial Partners LLC increased its position in shares of Home Depot by 7.3% in the first quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer's stock worth $4,001,000 after acquiring an additional 711 shares in the last quarter. Finally, Johnson & White Wealth Management LLC increased its position in shares of Home Depot by 6.2% in the first quarter. Johnson & White Wealth Management LLC now owns 4,200 shares of the home improvement retailer's stock worth $1,611,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

HD stock traded up $1.94 on Friday, reaching $411.90. 2,717,431 shares of the company were exchanged, compared to its average volume of 3,388,611. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $420.03. The stock's fifty day moving average price is $378.34 and its 200 day moving average price is $357.12. The firm has a market capitalization of $408.45 billion, a PE ratio of 27.63, a PEG ratio of 2.88 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the previous year, the firm posted $4.65 earnings per share. Home Depot's revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot's dividend payout ratio (DPR) is presently 60.36%.

Analyst Ratings Changes

HD has been the topic of several analyst reports. Telsey Advisory Group reissued a "market perform" rating and issued a $360.00 target price on shares of Home Depot in a research report on Thursday, September 12th. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a "buy" rating and a $426.00 target price on the stock. Stifel Nicolaus decreased their price target on shares of Home Depot from $380.00 to $375.00 and set a "hold" rating for the company in a report on Wednesday, August 14th. 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 report on Monday, September 30th. Finally, Melius Research started coverage on shares of Home Depot in a report on Monday, September 23rd. They set a "buy" rating and a $420.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $402.38.

About Home Depot

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.