The Home Depot, Inc. (NYSE:HD) Shares Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. boosted its stake in The Home Depot, Inc. (NYSE:HD) by 331.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,198 shares of the home improvement retailer’s stock after acquiring an additional 10,136 shares during the quarter. Maverick Capital Ltd.’s holdings in Home Depot were worth $4,543,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HD. Empirical Finance LLC lifted its stake in shares of Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after acquiring an additional 1,195 shares in the last quarter. Commonwealth Retirement Investments LLC boosted its stake in shares of Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after buying an additional 965 shares during the last quarter. Leeward Financial Partners LLC boosted its stake in shares of Home Depot by 7.3% during the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock valued at $4,001,000 after buying an additional 711 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $88,708,000. Finally, Johnson & White Wealth Management LLC increased its stake in shares of Home Depot by 6.2% in the first quarter. Johnson & White Wealth Management LLC now owns 4,200 shares of the home improvement retailer’s stock worth $1,611,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $396.74 on Friday. The stock has a market cap of $393.41 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.71 and a beta of 1.00. The firm’s 50-day simple moving average is $366.76 and its 200 day simple moving average is $354.72. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $401.11. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.65 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

A number of research analysts have commented on HD shares. Loop Capital increased their price objective on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Evercore ISI lowered their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Truist Financial reduced their target price on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Finally, Oppenheimer boosted their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $391.88.

Home Depot Company 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.