Sugarloaf Wealth Management LLC Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Sugarloaf Wealth Management LLC increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 21.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,079 shares of the home improvement retailer's stock after purchasing an additional 3,742 shares during the quarter. Home Depot accounts for 1.4% of Sugarloaf Wealth Management LLC's portfolio, making the stock its 15th largest position. Sugarloaf Wealth Management LLC's holdings in Home Depot were worth $8,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. AdvisorShares Investments LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth $461,000. Linscomb Wealth Inc. raised its stake in shares of Home Depot by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 6,584 shares of the home improvement retailer's stock worth $2,267,000 after buying an additional 90 shares during the period. American Century Companies Inc. lifted its position in shares of Home Depot by 9.8% during the 2nd quarter. American Century Companies Inc. now owns 928,603 shares of the home improvement retailer's stock valued at $319,662,000 after buying an additional 82,740 shares in the last quarter. Y.D. More Investments Ltd grew its stake in shares of Home Depot by 18.0% during the 2nd quarter. Y.D. More Investments Ltd now owns 975 shares of the home improvement retailer's stock valued at $335,000 after acquiring an additional 149 shares during the period. Finally, Achmea Investment Management B.V. increased its holdings in Home Depot by 2.8% in the 2nd quarter. Achmea Investment Management B.V. now owns 125,101 shares of the home improvement retailer's stock worth $43,065,000 after acquiring an additional 3,429 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Truist Financial lifted their price objective on shares of Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Melius Research assumed coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a "buy" rating and a $420.00 target price for the company. Mizuho lifted their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Morgan Stanley increased their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Trading Up 0.8 %

Shares of HD traded up $2.92 during trading hours on Friday, reaching $390.12. 5,321,363 shares of the company traded hands, compared to its average volume of 3,061,442. The stock's fifty day moving average price is $406.15 and its 200 day moving average price is $385.33. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market cap of $387.53 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.31%. The ex-dividend date was Wednesday, November 27th. Home Depot's dividend payout ratio is currently 61.14%.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, 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 ownership of the stock. The sale 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 on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, 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 valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

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.