The Home Depot, Inc. (NYSE:HD) Shares Sold by MRA Advisory Group

MRA Advisory Group reduced its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,218 shares of the home improvement retailer’s stock after selling 87 shares during the period. MRA Advisory Group’s holdings in Home Depot were worth $670,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Home Depot during the fourth quarter worth $3,740,875,000. Moneta Group Investment Advisors LLC grew its holdings in shares of Home Depot by 105,205.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock worth $3,472,867,000 after purchasing an additional 10,984,516 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Home Depot by 477.7% during the second quarter. Osaic Holdings Inc. now owns 3,044,469 shares of the home improvement retailer’s stock worth $160,260,000 after buying an additional 2,517,477 shares during the period. Comerica Bank acquired a new stake in shares of Home Depot during the second quarter worth about $7,703,690,000. Finally, Imprint Wealth LLC boosted its stake in shares of Home Depot by 30,994.4% during the second quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer’s stock worth $241,323,000 after buying an additional 2,405,473 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wedbush upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $330.00 to $380.00 in a research report on Wednesday, January 10th. TD Cowen lifted their target price on shares of Home Depot from $350.00 to $415.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Morgan Stanley decreased their price target 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 lifted 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. Finally, StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Eleven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $351.31.

View Our Latest Research Report on Home Depot

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 127 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now 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 SEC, which can be accessed through this link. In other news, EVP Ann Marie Campbell sold 127 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $307.07, for a total transaction of $38,997.89. Following the completion of the sale, the executive vice president now 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 SEC, which is accessible through the SEC website. Also, CAO Kimberly R. Scardino sold 1,375 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $306.51, for a total value of $421,451.25. Following the sale, the chief accounting officer now directly owns 6,744 shares of the company’s stock, valued at approximately $2,067,103.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,114 shares of company stock worth $966,456. Insiders own 0.19% of the company’s stock.

Home Depot Stock Performance

Home Depot stock traded down $5.01 during midday trading on Monday, reaching $352.22. The stock had a trading volume of 816,548 shares, compared to its average volume of 3,004,404. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $362.96. The firm’s 50-day moving average price is $344.13 and its 200 day moving average price is $322.68. The firm has a market capitalization of $350.55 billion, a PE ratio of 22.93, a P/E/G ratio of 2.55 and a beta of 0.98. 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 announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share 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 firm had revenue of $37.71 billion for the quarter, compared to analysts’ expectations of $37.59 billion. During the same period in the prior year, the business posted $4.24 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. As a group, research analysts predict that The Home Depot, Inc. will post 15.05 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 14th. Investors of record on Thursday, November 30th were given a $2.09 dividend. This represents a $8.36 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is 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 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

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDFree Report).

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

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