Tradewinds LLC. Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Tradewinds LLC. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,025 shares of the home improvement retailer’s stock after acquiring an additional 178 shares during the quarter. Tradewinds LLC.’s holdings in Home Depot were worth $821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the second quarter valued at about $33,000. Denver PWM LLC purchased a new stake in Home Depot in the second quarter worth about $40,000. Livelsberger Financial Advisory bought a new position in Home Depot during the 3rd quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Home Depot during the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 1.7 %

Shares of HD stock opened at $399.98 on Thursday. The Home Depot, Inc. has a fifty-two week low of $302.34 and a fifty-two week high of $421.56. The firm has a market capitalization of $397.30 billion, a P/E ratio of 27.17, a PEG ratio of 2.83 and a beta of 1.01. The stock’s fifty day moving average is $401.72 and its two-hundred day moving average is $368.01. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the prior year, the company earned $3.81 EPS. Home Depot’s revenue was up 6.6% compared to the same quarter last year. Research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HD. Stifel Nicolaus lifted their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada raised their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Finally, Oppenheimer increased their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.