Strategic Advisors LLC Sells 1,977 Shares of The Home Depot, Inc. (NYSE:HD)

Strategic Advisors LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,053 shares of the home improvement retailer’s stock after selling 1,977 shares during the quarter. Home Depot accounts for about 3.2% of Strategic Advisors LLC’s holdings, making the stock its 7th biggest position. Strategic Advisors LLC’s holdings in Home Depot were worth $16,131,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HD. Ramirez Asset Management Inc. purchased a new position in Home Depot during the third quarter worth $720,000. Townsquare Capital LLC raised its stake in Home Depot by 2.4% in the 3rd quarter. Townsquare Capital LLC now owns 75,489 shares of the home improvement retailer’s stock valued at $22,810,000 after purchasing an additional 1,737 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Home Depot by 3.6% in the 3rd quarter. Penserra Capital Management LLC now owns 396,490 shares of the home improvement retailer’s stock valued at $119,801,000 after purchasing an additional 13,838 shares in the last quarter. Journey Advisory Group LLC boosted its stake in shares of Home Depot by 4.7% during the 3rd quarter. Journey Advisory Group LLC now owns 14,974 shares of the home improvement retailer’s stock worth $4,525,000 after purchasing an additional 669 shares during the last quarter. Finally, Advisors Capital Management LLC grew its holdings in shares of Home Depot by 12.1% during the third quarter. Advisors Capital Management LLC now owns 106,558 shares of the home improvement retailer’s stock worth $32,198,000 after buying an additional 11,535 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.2 %

HD stock traded up $0.81 during midday trading on Friday, hitting $334.45. 551,533 shares of the company’s stock were exchanged, compared to its average volume of 3,419,962. The firm has a 50 day moving average price of $338.48 and a 200-day moving average price of $352.30. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The stock has a market capitalization of $331.64 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.30 and a beta of 0.98. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.82 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Guggenheim restated a “buy” rating and set a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Mizuho started coverage on Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. Truist Financial reduced their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Citigroup dropped their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, TD Cowen decreased their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $378.42.

View Our Latest Research Report on Home Depot

Home Depot Profile

(Free Report)

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.

Read More

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)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.