Journey Strategic Wealth LLC Sells 755 Shares of The Home Depot, Inc. (NYSE:HD)

Journey Strategic Wealth LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 17.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,605 shares of the home improvement retailer’s stock after selling 755 shares during the period. Journey Strategic Wealth LLC’s holdings in Home Depot were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Congress Wealth Management LLC DE lifted its holdings in Home Depot by 3.7% in the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after buying an additional 3,162 shares during the period. Carnegie Capital Asset Management LLC boosted its holdings in shares of Home Depot by 7.2% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 47,911 shares of the home improvement retailer’s stock worth $14,883,000 after buying an additional 3,211 shares in the last quarter. Psagot Value Holdings Ltd. Israel grew its position in shares of Home Depot by 8.0% during the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after buying an additional 200 shares during the period. National Pension Service increased its stake in shares of Home Depot by 6.4% in the 2nd quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock valued at $475,156,000 after acquiring an additional 92,354 shares in the last quarter. Finally, Hoylecohen LLC lifted its position in shares of Home Depot by 3.6% during the 3rd quarter. Hoylecohen LLC now owns 10,351 shares of the home improvement retailer’s stock valued at $3,128,000 after acquiring an additional 358 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HD shares. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $325.00 to $372.00 in a report on Thursday, January 4th. Morgan Stanley cut their price objective on shares of Home Depot from $350.00 to $335.00 and set an “overweight” rating on the stock in a report on Wednesday, November 15th. Truist Financial increased their target price on shares of Home Depot from $356.00 to $387.00 and gave the company a “buy” rating in a report on Thursday, December 21st. TD Cowen raised their price target on shares of Home Depot from $350.00 to $415.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Finally, Wedbush raised shares of Home Depot from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $330.00 to $380.00 in a research report on Wednesday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $351.31.

Get Our Latest Stock Report on Home Depot

Home Depot Price Performance

HD traded down $5.59 during trading on Monday, reaching $351.64. The stock had a trading volume of 715,377 shares, compared to its average volume of 3,001,649. The company has a debt-to-equity ratio of 28.37, a quick ratio of 0.33 and a current ratio of 1.30. The business has a 50-day moving average of $344.13 and a 200-day moving average of $322.68. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $362.96. The stock has a market cap of $349.97 billion, a PE ratio of 22.93, a PEG ratio of 2.55 and a beta of 0.98.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a dividend of $2.09 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $8.36 dividend on an annualized basis and a yield of 2.38%. Home Depot’s dividend payout ratio is currently 53.66%.

Insider Buying and Selling at Home Depot

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

Home Depot Company Profile

(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 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.

See Also

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

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