Signaturefd LLC raised its position in shares of  The Home Depot, Inc. (NYSE:HD) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 47,714 shares of the home improvement retailer's stock after acquiring an additional 1,282 shares during the quarter. Home Depot accounts for  0.5% of Signaturefd LLC's holdings, making the stock its 26th biggest holding. Signaturefd LLC's holdings in Home Depot were worth $13,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in  Home Depot by 0.6% during the 2nd quarter. State Street Corp now owns 45,908,300 shares of the home improvement retailer's stock valued at $12,591,269,000 after purchasing an additional 286,186 shares in the last quarter.  Charles Schwab Investment Management Inc. boosted its holdings in shares of  Home Depot by 14.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer's stock valued at $3,211,731,000 after acquiring an additional 1,361,660 shares during the last quarter.  Legal & General Group Plc boosted its holdings in shares of  Home Depot by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 7,535,534 shares of the home improvement retailer's stock valued at $2,066,777,000 after acquiring an additional 86,345 shares during the last quarter.  Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of  Home Depot by 4.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,373,199 shares of the home improvement retailer's stock valued at $925,167,000 after acquiring an additional 152,014 shares during the last quarter.  Finally, Franklin Resources Inc. boosted its holdings in shares of  Home Depot by 19.8% during the 2nd quarter. Franklin Resources Inc. now owns 2,468,341 shares of the home improvement retailer's stock valued at $676,992,000 after acquiring an additional 408,299 shares during the last quarter. 68.31% of the stock is currently owned by institutional investors.

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Home Depot Price Performance

Shares of Home Depot stock traded down $3.76 on Wednesday, hitting $320.41. 252,021 shares of the company traded hands, compared to its average volume of 3,012,030. The stock has a market capitalization of $328.01 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.33 and a current ratio of 1.39. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $374.67. The business has a 50-day simple moving average of $320.96 and a 200 day simple moving average of $304.01.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $0.13. The firm had revenue of $38.87 billion for the quarter, compared to analysts' expectations of $37.96 billion. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.92 earnings per share.  Research analysts expect that  The Home Depot, Inc. will post 16.64 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend  was Wednesday, November 30th. Home Depot's payout ratio is currently 45.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HD. Guggenheim dropped their price target on shares of Home Depot to $335.00 in a report on Thursday, November 17th. JPMorgan Chase & Co. dropped their price target on shares of Home Depot from $347.00 to $300.00 in a report on Friday, November 11th. Citigroup dropped their price objective on shares of Home Depot from $348.00 to $340.00 in a report on Monday, October 31st. The Goldman Sachs Group dropped their price objective on shares of Home Depot from $366.00 to $329.00 and set a "buy" rating on the stock in a report on Tuesday, November 8th. Finally, Truist Financial dropped their price objective on shares of Home Depot from $400.00 to $382.00 and set a "buy" rating on the stock in a report on Wednesday, November 16th. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued  a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $341.24.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,000 shares of the company's stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total transaction of $622,580.00. Following the sale, the executive vice president now owns 3,928 shares of the company's stock, valued at $1,222,747.12. In other news, EVP Fahim Siddiqui sold 2,000 shares of the company's stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $311.29, for a total transaction of $622,580.00. Following the sale, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. Also, Director Paula Santilli bought 1,583 shares of the firm's stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the transaction, the director now directly owns 1,583 shares in the company, valued at approximately $499,911.40. Company insiders own  0.17% of the company's stock.

Home Depot Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.