Prospera Private Wealth LLC Buys Shares of 8,927 The Home Depot, Inc. (NYSE:HD)

Prospera Private Wealth LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,927 shares of the home improvement retailer's stock, valued at approximately $3,617,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. International Assets Investment Management LLC lifted its position in Home Depot by 51,250.1% during the third 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. Legal & General Group Plc grew its position in Home Depot by 1.2% in the second quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer's stock worth $2,931,328,000 after acquiring an additional 100,139 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock valued at $2,853,143,000 after acquiring an additional 971,833 shares during the last quarter. Ameriprise Financial Inc. raised its position in Home Depot by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer's stock valued at $1,980,883,000 after purchasing an additional 138,396 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Home Depot by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer's stock worth $1,598,316,000 after purchasing an additional 333,312 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business'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 completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Melius Research began coverage on shares of Home Depot in a report on Monday, September 23rd. They set a "buy" rating and a $420.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research note on Monday, November 11th. Finally, Piper Sandler upped their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a research report on Monday, September 30th. One 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 company. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Stock Down 1.0 %

HD traded down $4.02 during midday trading on Wednesday, reaching $402.78. The company's stock had a trading volume of 1,350,122 shares, compared to its average volume of 3,371,719. The Home Depot, Inc. has a 1 year low of $302.34 and a 1 year high of $421.56. The stock's 50-day moving average is $401.13 and its 200-day moving average is $367.78. The firm has a market capitalization of $400.08 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 2.84 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the company earned $3.81 EPS. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

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 given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is 61.14%.

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.