Rovin Capital UT ADV Invests $238,000 in The Home Depot, Inc. (NYSE:HD)

Rovin Capital UT ADV bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 612 shares of the home improvement retailer's stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of 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 worth $35,575,880,000 after acquiring an additional 8,762,735 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Home Depot in the third quarter worth $336,231,000. FMR LLC raised its holdings in Home Depot by 10.1% in the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock worth $3,516,827,000 after purchasing an additional 795,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Home Depot by 295.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer's stock valued at $280,932,000 after buying an additional 518,054 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at $159,365,000. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company's stock, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company's stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Melius Research initiated coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a "buy" rating and a $420.00 price target for the company. Oppenheimer raised their price objective on Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a research report on Tuesday, September 24th. Piper Sandler raised their price target on Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Truist Financial upped their price target on shares of Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $426.00.

Home Depot Price Performance

HD traded up $0.09 during trading on Friday, reaching $409.42. 3,164,770 shares of the company traded hands, compared to its average volume of 3,142,666. The company has a market cap of $406.70 billion, a P/E ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The firm has a fifty day simple moving average of $406.44 and a 200 day simple moving average of $386.94.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. 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.