Sage Capital Advisors llc Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Sage Capital Advisors llc boosted its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,965 shares of the home improvement retailer’s stock after acquiring an additional 111 shares during the period. Home Depot accounts for about 2.1% of Sage Capital Advisors llc’s investment portfolio, making the stock its 12th largest position. Sage Capital Advisors llc’s holdings in Home Depot were worth $6,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new stake in shares of Home Depot during the second quarter worth $26,000. Fairfield Bush & CO. purchased a new stake in Home Depot in the first quarter valued at approximately $27,000. KB Financial Partners LLC acquired a new position in Home Depot in the first quarter valued at approximately $28,000. Studio Investment Management LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the 1st quarter worth approximately $37,000. Institutional investors own 68.34% of the company’s stock.

Insider Activity at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Home Depot Trading Down 0.5 %

Home Depot stock opened at $373.23 on Friday. 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 business’s 50-day simple moving average is $363.71 and its 200-day simple moving average is $331.52. The firm has a market capitalization of $371.46 billion, a PE ratio of 24.72, a PEG ratio of 2.50 and a beta of 0.99. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $385.10.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping 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 business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the company posted $3.30 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.41%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date is Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HD shares. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Telsey Advisory Group raised their price target on Home Depot from $325.00 to $335.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. HSBC downgraded Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 price target on the stock. in a research note on Wednesday, February 21st. TD Cowen boosted their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $311.00 to $400.00 in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.75.

Check Out Our Latest Stock Report on HD

About Home Depot

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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.

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

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