MJP Associates Inc. ADV Has $1.11 Million Stake in The Home Depot, Inc. (NYSE:HD)

MJP Associates Inc. ADV boosted its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,053 shares of the home improvement retailer’s stock after buying an additional 428 shares during the quarter. MJP Associates Inc. ADV’s holdings in Home Depot were worth $1,112,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Home Depot in the fourth quarter worth $4,325,629,000. Renaissance Technologies LLC acquired a new position in Home Depot in the first quarter worth $563,524,000. Parnassus Investments LLC acquired a new position in Home Depot in the first quarter worth $542,084,000. Charles Schwab Investment Management Inc. boosted its stake in Home Depot by 14.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after purchasing an additional 1,361,660 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in Home Depot by 25,355.1% in the first quarter. Aaron Wealth Advisors LLC now owns 695,942 shares of the home improvement retailer’s stock worth $2,325,000 after purchasing an additional 693,208 shares in the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the transaction, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at $1,857,646.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the transaction, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at $1,857,646.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matt Carey sold 12,650 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the transaction, the executive vice president now directly owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Home Depot Stock Up 1.6 %

Shares of Home Depot stock opened at $275.97 on Monday. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The business has a 50-day moving average of $300.51 and a two-hundred day moving average of $300.96. The company has a market capitalization of $282.52 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The company has a debt-to-equity ratio of 165.70, a current ratio of 1.18 and a quick ratio of 0.25.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.95 by $0.10. The company had revenue of $43.79 billion during the quarter, compared to the consensus estimate of $43.33 billion. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.53 earnings per share. As a group, equities analysts predict that The Home Depot, Inc. will post 16.56 EPS for the current year.

Home Depot declared that its Board of Directors has approved a stock repurchase plan on Thursday, August 18th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $7.60 annualized dividend and a dividend yield of 2.75%. Home Depot’s dividend payout ratio is currently 46.71%.

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. Truist Financial boosted their price objective on Home Depot from $375.00 to $399.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. DA Davidson boosted their target price on Home Depot to $334.00 in a research report on Monday, August 22nd. Raymond James boosted their target price on Home Depot from $340.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. JPMorgan Chase & Co. dropped their target price on Home Depot from $335.00 to $311.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. Finally, Guggenheim boosted their target price on Home Depot from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $365.95.

Home Depot Profile

(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.

Featured Articles

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.