Cardano Risk Management B.V. Has $133.13 Million Stock Position in The Home Depot, Inc. $HD

Cardano Risk Management B.V. raised its position in The Home Depot, Inc. (NYSE:HD) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,561 shares of the home improvement retailer’s stock after buying an additional 7,648 shares during the period. Home Depot accounts for about 1.4% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 18th biggest position. Cardano Risk Management B.V.’s holdings in Home Depot were worth $133,129,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sagard Holdings Management Inc. bought a new position in Home Depot in the 2nd quarter valued at $29,000. Financially Speaking Inc acquired a new position in Home Depot during the 3rd quarter worth about $31,000. LFA Lugano Financial Advisors SA bought a new stake in Home Depot during the 2nd quarter worth about $32,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $35,000. Finally, Dougherty Wealth Advisers LLC acquired a new stake in Home Depot in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several research analyst reports. TD Cowen increased their price target on shares of Home Depot from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $413.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Robert W. Baird dropped their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, Citigroup lifted their price target on shares of Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $407.23.

Home Depot Stock Up 0.2%

Shares of NYSE HD opened at $391.03 on Tuesday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The stock has a market cap of $389.27 billion, a P/E ratio of 26.65, a P/E/G ratio of 13.97 and a beta of 1.08. The firm has a 50 day moving average price of $366.99 and a 200 day moving average price of $380.21.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the firm earned $3.78 EPS. Home Depot’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

Insider Transactions at Home Depot

In related news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the transaction, the executive vice president directly owned 3,941 shares in the company, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 over the last 90 days. 0.10% of the stock is owned by company insiders.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.