The Home Depot, Inc. (NYSE:HD) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 652,488 shares of the home improvement retailer's stock after buying an additional 31,123 shares during the period. Home Depot makes up approximately 0.5% of Thrivent Financial for Lutherans' portfolio, making the stock its 22nd largest position. Thrivent Financial for Lutherans owned 0.07% of Home Depot worth $264,389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Claro Advisors LLC raised its holdings in shares of Home Depot by 6.9% in the 3rd quarter. Claro Advisors LLC now owns 13,541 shares of the home improvement retailer's stock valued at $5,487,000 after purchasing an additional 876 shares in the last quarter. Cardano Risk Management B.V. acquired a new stake in shares of Home Depot in the 3rd quarter valued at $124,302,000. Concord Asset Management LLC VA raised its stake in Home Depot by 10.2% during the 3rd quarter. Concord Asset Management LLC VA now owns 10,742 shares of the home improvement retailer's stock worth $4,353,000 after acquiring an additional 995 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in Home Depot during the 3rd quarter worth $70,000. Finally, Accent Capital Management LLC raised its stake in Home Depot by 171.5% during the 3rd quarter. Accent Capital Management LLC now owns 3,606 shares of the home improvement retailer's stock worth $1,461,000 after acquiring an additional 2,278 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

HD stock traded up $2.46 during trading on Friday, reaching $408.18. 3,239,545 shares of the company were exchanged, compared to its average volume of 3,475,878. The company has a market cap of $405.44 billion, a P/E ratio of 27.73, a PEG ratio of 2.84 and a beta of 1.01. The Home Depot, Inc. has a 52-week low of $302.34 and a 52-week high of $421.56. The stock's 50 day moving average price is $399.51 and its 200 day moving average price is $366.81. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Wednesday, November 27th. Home Depot's payout ratio is currently 61.14%.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Daiwa America upgraded shares of Home Depot to a "hold" rating in a research note on Thursday, August 15th. TD Cowen raised their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research report on Wednesday. Bank of America raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a research report 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 stock. Based on data from MarketBeat, the stock currently has a consensus 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 the business's stock in a transaction that occurred on Thursday, November 14th. The shares were 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently 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.