Hodges Capital Management Inc. Purchases 549 Shares of The Home Depot, Inc. (NYSE:HD)

Hodges Capital Management Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,541 shares of the home improvement retailer’s stock after acquiring an additional 549 shares during the period. Hodges Capital Management Inc.’s holdings in Home Depot were worth $6,297,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Montchanin Asset Management LLC grew its holdings in shares of Home Depot by 0.8% during the third quarter. Montchanin Asset Management LLC now owns 12,004 shares of the home improvement retailer’s stock worth $4,864,000 after purchasing an additional 100 shares in the last quarter. Laraway Financial Advisors Inc grew its stake in Home Depot by 22.1% in the 3rd quarter. Laraway Financial Advisors Inc now owns 1,722 shares of the home improvement retailer’s stock worth $698,000 after buying an additional 312 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the 3rd quarter valued at $41,000. Northeast Financial Consultants Inc lifted its holdings in shares of Home Depot by 0.3% during the 3rd quarter. Northeast Financial Consultants Inc now owns 23,097 shares of the home improvement retailer’s stock worth $9,359,000 after acquiring an additional 62 shares during the last quarter. Finally, Mosaic Financial Group LLC bought a new position in Home Depot in the third quarter valued at $315,000. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 in the last 90 days. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of research reports. UBS Group upped their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Melius Research initiated coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price on the stock. Piper Sandler upped their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Royal Bank of Canada lifted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Price Performance

HD opened at $431.37 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market cap of $428.51 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 2.97 and a beta of 1.03. The stock has a fifty day simple moving average of $410.60 and a two-hundred day simple moving average of $375.06. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.09%. Home Depot’s dividend payout ratio is currently 61.14%.

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.