Sax Wealth Advisors LLC Sells 143 Shares of The Home Depot, Inc. (NYSE:HD)

Sax Wealth Advisors LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,467 shares of the home improvement retailer’s stock after selling 143 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Home Depot were worth $766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HD. Blue Fin Capital Inc. increased its stake in Home Depot by 0.3% in the second quarter. Blue Fin Capital Inc. now owns 8,966 shares of the home improvement retailer’s stock worth $2,785,000 after purchasing an additional 31 shares during the period. Washington Trust Advisors Inc. grew its position in shares of Home Depot by 0.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 7,151 shares of the home improvement retailer’s stock worth $2,221,000 after buying an additional 32 shares in the last quarter. Key Financial Inc grew its position in shares of Home Depot by 0.6% during the 2nd quarter. Key Financial Inc now owns 5,198 shares of the home improvement retailer’s stock worth $1,615,000 after buying an additional 32 shares in the last quarter. Blume Capital Management Inc. grew its position in shares of Home Depot by 7.7% during the 2nd quarter. Blume Capital Management Inc. now owns 445 shares of the home improvement retailer’s stock worth $138,000 after buying an additional 32 shares in the last quarter. Finally, JB Capital LLC boosted its position in Home Depot by 0.5% during the second quarter. JB Capital LLC now owns 6,527 shares of the home improvement retailer’s stock valued at $2,027,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial lowered their price target on Home Depot from $341.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Wedbush lifted their price target on Home Depot from $290.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, August 16th. Royal Bank of Canada reduced their price target on Home Depot from $303.00 to $299.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 15th. Guggenheim reduced their price target on Home Depot from $360.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research report on Sunday, October 15th. Twelve analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $339.57.

Home Depot Trading Down 0.1 %

NYSE:HD traded down $0.20 on Monday, reaching $307.07. The company’s stock had a trading volume of 1,044,390 shares, compared to its average volume of 3,616,726. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $347.25. The company has a quick ratio of 0.35, a current ratio of 1.30 and a debt-to-equity ratio of 28.37. The firm has a market cap of $307.09 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93. The stock has a 50 day moving average price of $298.63 and a 200 day moving average price of $306.73.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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. The firm had revenue of $37.71 billion for the quarter, compared to the consensus estimate of $37.59 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.24 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.05 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a $2.09 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $8.36 annualized dividend and a dividend yield of 2.72%. Home Depot’s dividend payout ratio is presently 53.66%.

Home Depot announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 15th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 12,120 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $325.40, for a total transaction of $3,943,848.00. Following the sale, the executive vice president now owns 73,049 shares in the company, valued at approximately $23,770,144.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Kimberly R. Scardino sold 1,600 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total transaction of $522,704.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,281 shares of the company’s stock, valued at approximately $2,705,319.89. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 12,120 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $325.40, for a total value of $3,943,848.00. Following the transaction, the executive vice president now directly owns 73,049 shares of the company’s stock, valued at $23,770,144.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,186 shares of company stock worth $6,862,827. 0.19% of the stock is currently owned by company insiders.

Home Depot Profile

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.