Lake Street Private Wealth LLC Has $1.59 Million Stake in The Home Depot, Inc. (NYSE:HD)

Lake Street Private Wealth LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 9.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,090 shares of the home improvement retailer’s stock after selling 447 shares during the period. Lake Street Private Wealth LLC’s holdings in Home Depot were worth $1,591,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. B & T Capital Management DBA Alpha Capital Management lifted its position in Home Depot by 0.4% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,855 shares of the home improvement retailer’s stock worth $5,390,000 after purchasing an additional 53 shares during the period. Dakota Community Bank & Trust NA lifted its holdings in shares of Home Depot by 8.4% during the 4th quarter. Dakota Community Bank & Trust NA now owns 386 shares of the home improvement retailer’s stock worth $150,000 after acquiring an additional 30 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $198,000. LongView Wealth Management raised its position in Home Depot by 0.4% in the fourth quarter. LongView Wealth Management now owns 39,562 shares of the home improvement retailer’s stock worth $15,389,000 after purchasing an additional 163 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in Home Depot by 5.4% in the fourth quarter. Brooklyn Investment Group now owns 6,096 shares of the home improvement retailer’s stock worth $2,371,000 after purchasing an additional 312 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Melius Research began coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. Sanford C. Bernstein started coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Piper Sandler increased their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Morgan Stanley boosted their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Price Performance

Shares of HD opened at $409.42 on Friday. The stock has a market cap of $406.70 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock’s 50-day moving average price is $406.51 and its two-hundred day moving average price is $387.45. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping 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 business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the firm earned $3.81 EPS. Home Depot’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is presently 61.14%.

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.