DGS Capital Management LLC Buys 33 Shares of The Home Depot, Inc. (NYSE:HD)

DGS Capital Management LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,143 shares of the home improvement retailer’s stock after purchasing an additional 33 shares during the quarter. DGS Capital Management LLC’s holdings in Home Depot were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HD. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the 1st quarter valued at about $27,000. KB Financial Partners LLC purchased a new position in shares of Home Depot during the 1st quarter valued at about $28,000. Keener Financial Planning LLC purchased a new position in Home Depot in the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC increased its stake in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Finally, Studio Investment Management LLC purchased a new position in Home Depot in the 4th quarter worth approximately $32,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD opened at $334.83 on Wednesday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The business’s fifty day simple moving average is $369.14 and its 200-day simple moving average is $339.05. The company has a market capitalization of $331.82 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.25 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.30 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is 59.60%.

Analyst Ratings Changes

A number of equities analysts have commented on HD shares. Stifel Nicolaus lifted their price target on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. DA Davidson reaffirmed a “neutral” rating and issued a $370.00 price target on shares of Home Depot in a research note on Monday, April 1st. Evercore ISI cut their price objective on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday. TD Cowen lifted their price objective on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Finally, Truist Financial lifted their price objective on Home Depot from $386.00 to $417.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

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.