Joseph Group Capital Management Acquires New Shares in The Home Depot, Inc. (NYSE:HD)

Joseph Group Capital Management purchased a new position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 92 shares of the home improvement retailer’s stock, valued at approximately $1,705,000. Home Depot makes up about 1.6% of Joseph Group Capital Management’s investment portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bailard Inc. grew its holdings in shares of Home Depot by 1.6% during the fourth quarter. Bailard Inc. now owns 79,895 shares of the home improvement retailer’s stock worth $33,157,000 after purchasing an additional 1,277 shares during the last quarter. Magnus Financial Group LLC lifted its position in shares of Home Depot by 0.8% during the 4th quarter. Magnus Financial Group LLC now owns 4,144 shares of the home improvement retailer’s stock valued at $1,720,000 after acquiring an additional 33 shares during the period. Winfield Associates Inc. lifted its position in shares of Home Depot by 9.4% during the 4th quarter. Winfield Associates Inc. now owns 9,594 shares of the home improvement retailer’s stock valued at $3,982,000 after acquiring an additional 822 shares during the period. Rhumbline Advisers increased its stake in shares of Home Depot by 0.6% during the 4th quarter. Rhumbline Advisers now owns 1,822,818 shares of the home improvement retailer’s stock worth $756,488,000 after purchasing an additional 11,039 shares in the last quarter. Finally, L2 Asset Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $632,000. Institutional investors and hedge funds own 70.61% of the company’s stock.

In other Home Depot news, EVP Hector A. Padilla sold 504 shares of Home Depot stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $309.80, for a total transaction of $156,139.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.

Shares of NYSE HD traded up $6.34 during trading on Friday, reaching $296.03. The stock had a trading volume of 3,949,134 shares, compared to its average volume of 3,880,574. The Home Depot, Inc. has a fifty-two week low of $280.63 and a fifty-two week high of $420.61. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.24 and a current ratio of 1.01. The business’s 50-day moving average price is $309.87 and its 200-day moving average price is $353.39. The company has a market cap of $305.91 billion, a P/E ratio of 19.07, a PEG ratio of 1.82 and a beta of 0.97.

Home Depot (NYSE:HDGet Rating) last released its earnings results on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.01. The firm had revenue of $35.72 billion during the quarter, compared to analyst estimates of $34.85 billion. Home Depot had a return on equity of 2,082.76% and a net margin of 10.87%. Home Depot’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $2.74 earnings per share. Analysts forecast that The Home Depot, Inc. will post 15.98 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 2.57%. This is an increase from Home Depot’s previous quarterly dividend of $1.65. The ex-dividend date was Wednesday, March 9th. Home Depot’s payout ratio is 48.97%.

HD has been the topic of a number of recent analyst reports. Piper Sandler cut their price objective on shares of Home Depot from $314.00 to $310.00 in a report on Tuesday, May 3rd. Loop Capital lowered their price objective on shares of Home Depot from $380.00 to $320.00 in a research report on Wednesday, February 23rd. The Goldman Sachs Group decreased their target price on shares of Home Depot from $413.00 to $402.00 and set a “buy” rating for the company in a research report on Wednesday, February 23rd. Gordon Haskett lowered shares of Home Depot from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Finally, TheStreet lowered shares of Home Depot from a “b” rating to a “c+” rating in a research note on Tuesday, February 22nd. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, Home Depot has an average rating of “Buy” and a consensus price target of $385.26.

About Home Depot (Get Rating)

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 décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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