HTLF Bank Acquires New Holdings in The Home Depot, Inc. (NYSE:HD)

HTLF Bank acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,081 shares of the home improvement retailer's stock, valued at approximately $4,533,000.

A number of other hedge funds also recently bought and sold shares of the company. Optas LLC increased its stake in Home Depot by 1.7% during the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer's stock valued at $607,000 after purchasing an additional 29 shares in the last quarter. Harvest Investment Advisors LLC grew its position in Home Depot by 0.8% during the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer's stock valued at $1,153,000 after buying an additional 30 shares during the period. Armstrong Henry H Associates Inc. grew its position in Home Depot by 0.3% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer's stock valued at $3,778,000 after buying an additional 30 shares during the period. CGC Financial Services LLC lifted its holdings in Home Depot by 4.3% during the fourth quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer's stock valued at $250,000 after purchasing an additional 30 shares during the last quarter. Finally, Independent Investors Inc. lifted its holdings in Home Depot by 0.5% during the fourth quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer's stock valued at $2,097,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Home Depot from $385.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, February 13th. Barclays upgraded shares of Home Depot from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. Truist Financial reaffirmed a "buy" rating and issued a $417.00 price target on shares of Home Depot in a research note on Wednesday. Stifel Nicolaus raised their price target on Home Depot from $355.00 to $366.00 and gave the stock a "hold" rating in a research note on Friday, February 16th. Finally, Robert W. Baird reissued an "outperform" rating and set a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $375.96.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company's stock, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Edward P. Decker sold 35,987 shares of the business's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company's stock, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares of the company's stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

Shares of HD stock traded up $2.47 during trading hours on Friday, reaching $335.36. 3,076,576 shares of the company's stock were exchanged, compared to its average volume of 3,642,071. The company has a market cap of $332.35 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The company's 50 day moving average is $367.36 and its two-hundred day moving average is $339.54. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter last year, the business posted $3.30 earnings per share. Home Depot's revenue was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.68%. This is a boost from Home Depot's previous quarterly dividend of $2.09. Home Depot's dividend payout ratio (DPR) is presently 59.60%.

Home Depot 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.