Twin Focus Capital Partners LLC Invests $253,000 in The Home Depot, Inc. (NYSE:HD)

Twin Focus Capital Partners LLC bought a new position in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 730 shares of the home improvement retailer’s stock, valued at approximately $253,000.

A number of other hedge funds have also modified their holdings of the stock. Bey Douglas LLC acquired a new stake in Home Depot during the 4th quarter valued at $913,000. Hartline Investment Corp increased its holdings in Home Depot by 3.0% during the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after purchasing an additional 460 shares in the last quarter. Wolf Group Capital Advisors increased its holdings in Home Depot by 6.1% during the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after purchasing an additional 430 shares in the last quarter. Alliance Wealth Management Group acquired a new stake in Home Depot during the 4th quarter valued at $253,000. Finally, Zullo Investment Group Inc. increased its holdings in Home Depot by 6.6% during the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after purchasing an additional 504 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.3 %

HD stock traded down $1.04 during midday trading on Friday, hitting $346.84. 2,588,960 shares of the company’s stock were exchanged, compared to its average volume of 3,346,942. The stock’s fifty day moving average price is $337.58 and its 200-day moving average price is $351.28. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The company has a market cap of $343.93 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.39 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.82 earnings per share. Research analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.59%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HD. Guggenheim reissued a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research note on Friday, April 5th. Truist Financial lowered their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Tuesday, May 14th. TD Cowen lowered their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada lifted their target price on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $377.46.

Insider Activity

In other news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Home Depot 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.