TBH Global Asset Management LLC Trims Stake in The Home Depot, Inc. (NYSE:HD)

TBH Global Asset Management LLC lowered its position in The Home Depot, Inc. (NYSE:HDFree Report) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,979 shares of the home improvement retailer’s stock after selling 105 shares during the period. TBH Global Asset Management LLC’s holdings in Home Depot were worth $598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. 180 Wealth Advisors LLC increased its stake in shares of Home Depot by 3.6% in the 3rd quarter. 180 Wealth Advisors LLC now owns 5,888 shares of the home improvement retailer’s stock worth $1,779,000 after acquiring an additional 205 shares in the last quarter. Money Concepts Capital Corp grew its holdings in Home Depot by 6.5% in the third quarter. Money Concepts Capital Corp now owns 18,240 shares of the home improvement retailer’s stock worth $5,513,000 after purchasing an additional 1,109 shares during the period. Dearborn Partners LLC increased its stake in shares of Home Depot by 0.4% during the third quarter. Dearborn Partners LLC now owns 176,138 shares of the home improvement retailer’s stock valued at $53,222,000 after purchasing an additional 665 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Home Depot by 24.9% during the third quarter. Teacher Retirement System of Texas now owns 296,583 shares of the home improvement retailer’s stock valued at $89,616,000 after purchasing an additional 59,165 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its position in shares of Home Depot by 17.0% in the 3rd quarter. Wright Investors Service Inc. now owns 27,189 shares of the home improvement retailer’s stock worth $8,215,000 after purchasing an additional 3,947 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of analyst reports. Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $311.00 to $400.00 in a research report on Tuesday. Stifel Nicolaus upped their price objective on Home Depot from $306.00 to $355.00 and gave the company a “hold” rating in a research report on Wednesday, December 20th. Morgan Stanley reduced their price objective on Home Depot from $350.00 to $335.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. Guggenheim lowered their target price on shares of Home Depot from $360.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Finally, Wedbush raised shares of Home Depot from a “neutral” rating to an “outperform” rating and raised their price target for the company from $330.00 to $380.00 in a report on Wednesday, January 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $349.04.

View Our Latest Report on Home Depot

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 127 shares of Home Depot stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $307.07, for a total value of $38,997.89. Following the sale, the executive vice president now directly owns 12,565 shares of the company’s stock, valued at $3,858,334.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Kimberly R. Scardino sold 1,375 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $306.51, for a total transaction of $421,451.25. Following the sale, the chief accounting officer now directly owns 6,744 shares in the company, valued at approximately $2,067,103.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 127 shares of Home Depot stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $307.07, for a total value of $38,997.89. Following the completion of the transaction, the executive vice president now owns 12,565 shares of the company’s stock, valued at approximately $3,858,334.55. The disclosure for this sale can be found here. Insiders have sold a total of 3,114 shares of company stock worth $966,456 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

NYSE:HD opened at $355.71 on Thursday. The business’s 50-day simple moving average is $331.56 and its two-hundred day simple moving average is $319.00. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $361.00. The stock has a market cap of $354.02 billion, a PE ratio of 22.83, a P/E/G ratio of 2.66 and a beta of 0.97. The company has a quick ratio of 0.33, a current ratio of 1.30 and a debt-to-equity ratio of 28.37.

Home Depot (NYSE:HDGet Free Report) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.06. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. The company had revenue of $37.71 billion for the quarter, compared to the consensus estimate of $37.59 billion. During the same quarter last year, the company earned $4.24 EPS. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. As a group, analysts forecast that The Home Depot, Inc. will post 15.05 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were issued a $2.09 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $8.36 dividend on an annualized basis and a yield of 2.35%. Home Depot’s dividend payout ratio is currently 53.66%.

About Home Depot

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and d├ęcor 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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