EFG Asset Management North America Corp. Purchases 3,434 Shares of The Home Depot, Inc. (NYSE:HD)

EFG Asset Management North America Corp. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 49.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,413 shares of the home improvement retailer's stock after buying an additional 3,434 shares during the period. EFG Asset Management North America Corp.'s holdings in Home Depot were worth $3,608,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bare Financial Services Inc acquired a new position in shares of Home Depot during the 4th quarter valued at $26,000. Keener Financial Planning LLC bought a new position in shares of Home Depot during the 4th quarter worth about $31,000. PFG Private Wealth Management LLC grew its stake in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer's stock valued at $32,000 after buying an additional 32 shares during the period. Gilfoyle & Co LLC bought a new stake in Home Depot in the 4th quarter valued at about $35,000. Finally, Advantage Trust Co bought a new position in Home Depot in the fourth quarter worth approximately $41,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 0.4 %

HD stock traded up $1.48 on Friday, reaching $344.21. The company's stock had a trading volume of 2,719,054 shares, compared to its average volume of 3,381,496. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.40 and a current ratio of 1.34. The business has a fifty day simple moving average of $355.47 and a two-hundred day simple moving average of $345.73. The firm has a market cap of $341.12 billion, a PE ratio of 22.93, a PEG ratio of 2.34 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts' consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the previous year, the firm posted $3.82 EPS. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.3 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be given a dividend of $2.25 per share. The ex-dividend date is Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.61%. Home Depot's dividend payout ratio is presently 60.36%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HD. Guggenheim restated a "buy" rating and issued a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. Bank of America lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Mizuho assumed coverage on shares of Home Depot in a report on Tuesday, March 19th. They set a "buy" rating and a $415.00 price target on the stock. Zelman & Associates upgraded shares of Home Depot from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 2nd. Finally, Truist Financial reduced their target price on Home Depot from $417.00 to $406.00 and set a "buy" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $374.96.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were 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 owns 107,731 shares of the company's stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 107,731 shares of the company's stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was 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 directly owns 75,799 shares of the company's stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is 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.

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