Gallacher Capital Management LLC Has $681,000 Stake in The Home Depot, Inc. (NYSE:HD)

Gallacher Capital Management LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,965 shares of the home improvement retailer’s stock after selling 356 shares during the quarter. Gallacher Capital Management LLC’s holdings in Home Depot were worth $681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bare Financial Services Inc acquired a new stake in shares of Home Depot in the fourth quarter valued at about $26,000. Keener Financial Planning LLC acquired a new position in Home Depot during the fourth quarter worth approximately $31,000. PFG Private Wealth Management LLC increased its position in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares during the last quarter. Gilfoyle & Co LLC acquired a new position in Home Depot during the fourth quarter worth approximately $35,000. Finally, Briaud Financial Planning Inc acquired a new position in Home Depot during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD traded up $7.32 on Friday, hitting $342.85. 4,165,054 shares of the company’s stock were exchanged, compared to its average volume of 3,606,830. The stock has a 50-day moving average of $361.75 and a 200-day moving average of $342.77. 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 Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The stock has a market cap of $339.77 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.28 and a beta of 1.01.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $3.30 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.63%. Home Depot’s dividend payout ratio is 59.60%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Truist Financial restated a “buy” rating and set a $417.00 price objective on shares of Home Depot in a report on Wednesday, April 17th. Wedbush boosted their price objective on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. TD Cowen boosted their price objective on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, DA Davidson restated a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Transactions at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was 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 directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on 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. Company insiders own 0.10% of the company’s stock.

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.