The Home Depot, Inc. (NYSE:HD) Shares Purchased by Cornerstone Advisors LLC

Cornerstone Advisors LLC boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 37.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,800 shares of the home improvement retailer's stock after purchasing an additional 16,000 shares during the quarter. Home Depot comprises 0.9% of Cornerstone Advisors LLC's investment portfolio, making the stock its 22nd biggest position. Cornerstone Advisors LLC's holdings in Home Depot were worth $23,826,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Home Depot during the 2nd quarter valued at $25,000. Kings Path Partners LLC bought a new position in Home Depot during the 2nd quarter worth approximately $33,000. Livelsberger Financial Advisory bought a new stake in Home Depot in the third quarter valued at approximately $46,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the second quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer's stock worth $48,000 after buying an additional 51 shares during the period. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HD. Sanford C. Bernstein assumed coverage on Home Depot in a research report on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 price target for the company. UBS Group raised their target price on Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Oppenheimer upped their price target on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 24th. Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley upped their price target on Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Stock Performance

Shares of NYSE HD traded up $6.97 during midday trading on Thursday, reaching $406.97. 1,618,816 shares of the stock were exchanged, compared to its average volume of 3,379,167. The firm has a market cap of $404.24 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.83 and a beta of 1.01. The firm has a 50-day simple moving average of $401.72 and a two-hundred day simple moving average of $368.01. 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 twelve month low of $306.48 and a twelve month high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.81 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. 0.10% of the stock is owned by company 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.