The Home Depot, Inc. (NYSE:HD) Shares Bought by Hilltop Holdings Inc.

Hilltop Holdings Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 189.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,322 shares of the home improvement retailer’s stock after purchasing an additional 26,377 shares during the quarter. Home Depot comprises 1.0% of Hilltop Holdings Inc.’s holdings, making the stock its 12th biggest position. Hilltop Holdings Inc.’s holdings in Home Depot were worth $16,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Garden State Investment Advisory Services LLC boosted its position in Home Depot by 15.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 2,994 shares of the home improvement retailer’s stock valued at $1,214,000 after buying an additional 406 shares during the last quarter. Cladis Investment Advisory LLC raised its holdings in shares of Home Depot by 1.6% during the third quarter. Cladis Investment Advisory LLC now owns 3,089 shares of the home improvement retailer’s stock worth $1,252,000 after purchasing an additional 50 shares during the last quarter. Coastwise Capital Group LLC lifted its position in Home Depot by 16.8% during the third quarter. Coastwise Capital Group LLC now owns 1,471 shares of the home improvement retailer’s stock valued at $596,000 after purchasing an additional 212 shares during the period. Concentric Capital Strategies LP boosted its holdings in Home Depot by 59.0% in the third quarter. Concentric Capital Strategies LP now owns 3,464 shares of the home improvement retailer’s stock valued at $1,404,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Ascent Group LLC grew its position in Home Depot by 19.2% during the 3rd quarter. Ascent Group LLC now owns 28,625 shares of the home improvement retailer’s stock worth $11,599,000 after purchasing an additional 4,606 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.1 %

NYSE:HD opened at $429.50 on Monday. The Home Depot, Inc. has a 1 year low of $318.96 and a 1 year high of $439.37. The stock has a market cap of $426.65 billion, a P/E ratio of 29.15, a P/E/G ratio of 2.98 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a 50-day simple moving average of $407.48 and a 200-day simple moving average of $372.20.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $39.31 billion. During the same quarter in the prior year, the firm posted $3.81 earnings per share. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.10%. Home Depot’s payout ratio is currently 61.14%.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. Bank of America boosted their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Evercore ISI raised their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Melius Research initiated coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Morgan Stanley upped their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 in the last three months. 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.