The Home Depot, Inc. (NYSE:HD) Shares Purchased by Smead Capital Management Inc.

Smead Capital Management Inc. raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 516,204 shares of the home improvement retailer's stock after purchasing an additional 17,416 shares during the period. Home Depot accounts for about 3.0% of Smead Capital Management Inc.'s holdings, making the stock its 19th biggest position. Smead Capital Management Inc. owned 0.05% of Home Depot worth $209,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in HD. International Assets Investment Management LLC boosted its holdings in shares of Home Depot by 51,250.1% in 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 acquiring an additional 8,762,735 shares during the period. Wulff Hansen & CO. boosted its holdings in shares of Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer's stock valued at $509,081,000 after acquiring an additional 1,474,459 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 period. Swedbank AB acquired a new stake in shares of Home Depot in the first quarter valued at approximately $301,364,000. Finally, Sarasin & Partners LLP boosted its holdings in shares of Home Depot by 95.2% in the second quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer's stock valued at $392,411,000 after acquiring an additional 556,053 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HD shares. Morgan Stanley increased their price target on Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Melius Research started coverage on Home Depot in a report on Monday, September 23rd. They set a "buy" rating and a $420.00 price target for the company. Daiwa America raised Home Depot to a "hold" rating in a report on Thursday, August 15th. Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, TD Cowen increased their price target on 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 stock. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $426.00.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president now directly owns 20,404 shares of the company's stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

Home Depot stock traded down $3.56 during midday trading on Tuesday, reaching $406.88. 3,228,816 shares of the company were exchanged, compared to its average volume of 3,380,938. The company has a market capitalization of $404.15 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 2.84 and a beta of 1.01. The firm's 50-day simple moving average is $401.13 and its 200-day simple moving average is $367.78. 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 quick ratio of 0.31 and a current ratio of 1.13.

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 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 firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the company earned $3.81 EPS. The firm's quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

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