The Home Depot, Inc. (NYSE:HD) Shares Purchased by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,494 shares of the home improvement retailer’s stock after buying an additional 178 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Home Depot were worth $1,557,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Keener Financial Planning LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $31,000. PFG Private Wealth Management LLC lifted 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 worth $32,000 after acquiring an additional 32 shares during the period. Gilfoyle & Co LLC acquired a new stake in Home Depot in the fourth quarter valued at about $35,000. Briaud Financial Planning Inc acquired a new position in Home Depot during the third quarter worth $41,000. Finally, Quantbot Technologies LP acquired a new position in shares of Home Depot during the 3rd quarter worth $64,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial reiterated a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a research report on Wednesday, April 17th. Barclays raised Home Depot from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $325.00 to $372.00 in a research report on Thursday, January 4th. Guggenheim reiterated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and upped their price target for the company from $311.00 to $400.00 in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s 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 completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of HD traded down $1.11 during trading hours on Thursday, reaching $331.90. The stock had a trading volume of 3,786,779 shares, compared to its average volume of 3,364,632. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock has a market capitalization of $328.92 billion, a PE ratio of 21.98, a PEG ratio of 2.26 and a beta of 0.98. The company’s 50-day moving average is $365.31 and its two-hundred day moving average is $340.40.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the previous year, the business earned $3.30 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. Research analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is 59.60%.

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.