27,641 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Key Bridge Compliance LLC

Key Bridge Compliance LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,641 shares of the home improvement retailer's stock, valued at approximately $8,352,000. Home Depot accounts for approximately 2.6% of Key Bridge Compliance LLC's investment portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VisionPoint Advisory Group LLC acquired a new stake in shares of Home Depot during the second quarter worth about $26,000. Fairfield Bush & CO. purchased a new position in Home Depot during the first quarter valued at approximately $27,000. KB Financial Partners LLC purchased a new position in Home Depot during the first quarter valued at approximately $28,000. Studio Investment Management LLC purchased a new position in Home Depot during the fourth quarter valued at approximately $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Home Depot during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $348.59 on Monday. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $354.92. The business's fifty day simple moving average is $309.64 and its 200-day simple moving average is $313.27. The firm has a market cap of $346.94 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.59 and a beta of 0.94. The company has a quick ratio of 0.33, a current ratio of 1.30 and a debt-to-equity ratio of 28.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 EPS for the quarter, beating the consensus estimate of $3.75 by $0.06. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. The business had revenue of $37.71 billion for the quarter, compared to analyst estimates of $37.59 billion. During the same quarter in the prior year, the company posted $4.24 EPS. The company's quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.05 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were paid a $2.09 dividend. This represents a $8.36 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot's dividend payout ratio (DPR) is presently 53.66%.

Insider Activity

In related news, CAO Kimberly R. Scardino sold 1,375 shares of the business's stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total value of $421,451.25. Following the sale, the chief accounting officer now owns 6,744 shares in the company, valued at approximately $2,067,103.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Kimberly R. Scardino sold 1,375 shares of the business's stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total value of $421,451.25. Following the sale, the chief accounting officer now owns 6,744 shares in the company, valued at approximately $2,067,103.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 127 shares of the business's stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $307.07, for a total value of $38,997.89. Following the completion of the sale, the executive vice president now owns 12,565 shares in the company, valued at approximately $3,858,334.55. The disclosure for this sale can be found here. Insiders have sold a total of 3,114 shares of company stock valued at $966,456 in the last quarter. Insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Guggenheim reduced their price target on Home Depot from $360.00 to $340.00 and set a "buy" rating for the company in a research report on Wednesday, November 15th. Evercore ISI lifted their price target on Home Depot from $360.00 to $370.00 and gave the company an "outperform" rating in a research report on Friday, September 8th. HSBC started coverage on Home Depot in a research report on Friday, September 22nd. They set a "hold" rating and a $365.00 price target for the company. Royal Bank of Canada cut their price objective on Home Depot from $303.00 to $299.00 and set a "sector perform" rating for the company in a research report on Wednesday, November 15th. Finally, Stifel Nicolaus boosted their price objective on Home Depot from $306.00 to $355.00 and gave the company a "hold" rating in a research report on Wednesday, December 20th. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $343.00.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. 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.

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