BKD Wealth Advisors LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,006 shares of the home improvement retailer’s stock after acquiring an additional 1,091 shares during the quarter. BKD Wealth Advisors LLC’s holdings in The Home Depot were worth $2,658,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Claudia M.P. Batlle CRP R LLC bought a new position in shares of The Home Depot during the 3rd quarter worth approximately $34,000. Johnson Midwest Financial LLC acquired a new stake in The Home Depot during the 4th quarter worth approximately $40,000. Arlington Partners LLC acquired a new stake in The Home Depot during the 4th quarter worth approximately $43,000. Planned Solutions Inc. acquired a new stake in The Home Depot during the 3rd quarter worth approximately $45,000. Finally, Catalyst Private Wealth LLC acquired a new stake in The Home Depot during the 3rd quarter worth approximately $45,000. Institutional investors own 68.71% of the company’s stock.
In related news, COO Edward P. Decker sold 25,595 shares of the business’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $269.40, for a total transaction of $6,895,293.00. Following the sale, the chief operating officer now owns 97,352 shares in the company, valued at approximately $26,226,628.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 120 shares of the business’s stock in a transaction on Friday, November 20th. The stock was sold at an average price of $269.03, for a total value of $32,283.60. Following the sale, the executive vice president now owns 46,611 shares in the company, valued at approximately $12,539,757.33. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
Several analysts recently weighed in on the company. Piper Sandler lifted their price target on The Home Depot from $288.00 to $296.00 and gave the stock a “neutral” rating in a report on Wednesday, November 18th. They noted that the move was a valuation call. BNP Paribas assumed coverage on The Home Depot in a report on Monday, October 5th. They set an “outperform” rating and a $310.00 price target for the company. Gordon Haskett raised The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 price target for the company in a report on Thursday, November 12th. Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target for the company in a report on Wednesday, January 13th. Finally, Wedbush cut The Home Depot from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 11th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $293.25.
The Home Depot stock opened at $284.00 on Friday. The stock has a market capitalization of $305.75 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a 52 week low of $140.63 and a 52 week high of $292.95. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36. The stock has a fifty day moving average of $268.95 and a 200-day moving average of $273.07.
The Home Depot (NYSE:HD) last issued its quarterly earnings data on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The business had revenue of $33.54 billion for the quarter, compared to analyst estimates of $32.03 billion. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. During the same quarter in the previous year, the company posted $2.53 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 11.76 earnings per share for the current year.
About The Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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