The Home Depot, Inc. (NYSE:HD) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,726 shares of the home improvement retailer's stock after acquiring an additional 4,938 shares during the period. Pathstone Holdings LLC's holdings in Home Depot were worth $77,276,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HD. WFA Asset Management Corp grew its stake in Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer's stock worth $535,000 after purchasing an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its position in shares of Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer's stock worth $4,381,000 after buying an additional 623 shares in the last quarter. Edgestream Partners L.P. grew its position in shares of Home Depot by 57.7% during the 1st quarter. Edgestream Partners L.P. now owns 2,906 shares of the home improvement retailer's stock worth $1,115,000 after buying an additional 1,063 shares in the last quarter. MQS Management LLC raised its holdings in shares of Home Depot by 400.5% in the first quarter. MQS Management LLC now owns 3,028 shares of the home improvement retailer's stock valued at $1,162,000 after acquiring an additional 2,423 shares in the last quarter. Finally, Crewe Advisors LLC bought a new stake in shares of Home Depot in the first quarter valued at about $1,906,000. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm's stock in a transaction on 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 completion of the sale, the executive vice president now owns 20,404 shares of the company's stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

Shares of Home Depot stock traded down $3.56 during trading hours on Tuesday, reaching $406.88. 3,228,816 shares of the company's stock were exchanged, compared to its average volume of 3,380,938. The business has a fifty day moving average of $401.13 and a two-hundred day moving average of $367.78. The company has a market capitalization of $404.15 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. 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 Home Depot, Inc. has a 1 year low of $302.34 and a 1 year high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.81 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio is currently 61.14%.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Piper Sandler lifted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Guggenheim upped their target price on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Melius Research started coverage on Home Depot in a report on Monday, September 23rd. They issued a "buy" rating and a $420.00 price target on the stock. Finally, Loop Capital raised Home Depot from a "hold" rating to a "buy" rating and boosted their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average 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.