Advantage Trust Co Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Advantage Trust Co acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 117 shares of the home improvement retailer’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Bare Financial Services Inc acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $26,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC raised its position in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Gilfoyle & Co LLC acquired a new position in Home Depot in the 4th quarter valued at approximately $35,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of Home Depot in the 3rd quarter valued at about $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE:HD traded up $8.61 during trading hours on Thursday, reaching $347.44. 3,430,692 shares of the company were exchanged, compared to its average volume of 3,347,865. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock’s 50-day moving average is $359.69 and its 200-day moving average is $343.51. The firm has a market cap of $344.32 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the prior year, the business earned $3.30 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.59%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. Bank of America increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Citigroup lowered their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial restated a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a research note on Wednesday, April 17th. Evercore ISI decreased their price objective on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, Wedbush raised their price target on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $375.19.

About Home Depot

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.