Citizens & Northern Corp Sells 108 Shares of The Home Depot, Inc. (NYSE:HD)

Citizens & Northern Corp decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% during the first quarter, HoldingsChannel reports. The firm owned 6,657 shares of the home improvement retailer’s stock after selling 108 shares during the period. Home Depot makes up approximately 0.7% of Citizens & Northern Corp’s holdings, making the stock its 25th biggest holding. Citizens & Northern Corp’s holdings in Home Depot were worth $2,440,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HD. Norges Bank purchased a new stake in shares of Home Depot in the 4th quarter valued at $5,032,910,000. GAMMA Investing LLC lifted its stake in shares of Home Depot by 39,194.1% in the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer’s stock valued at $37,517,230,000 after acquiring an additional 10,210,851 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Home Depot during the 4th quarter valued at about $2,212,546,000. Proficio Capital Partners LLC increased its stake in Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock worth $793,486,000 after purchasing an additional 2,030,372 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $346.41 on Friday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a market capitalization of $344.65 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 3.30 and a beta of 1.02. The firm has a 50 day moving average of $362.72 and a 200 day moving average of $380.63. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.63 earnings per share. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

HD has been the topic of several analyst reports. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Stifel Nicolaus raised shares of Home Depot from a “hold” rating to a “buy” rating and raised their price target for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Truist Financial upped their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Royal Bank Of Canada cut their target price on Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 15th. Finally, Wedbush reaffirmed an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $426.77.

Insider Buying and Selling at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares of the company’s stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

About Home Depot

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.