The Home Depot, Inc. (NYSE:HD) Stock Holdings Trimmed by Bfsg LLC

Bfsg LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 0.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,786 shares of the home improvement retailer’s stock after selling 139 shares during the period. Bfsg LLC’s holdings in Home Depot were worth $5,817,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HD. Keener Financial Planning LLC bought a new position in Home Depot in the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC lifted its position in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Gilfoyle & Co LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $35,000. Briaud Financial Planning Inc acquired a new stake in shares of Home Depot during the 3rd quarter valued at $41,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Home Depot during the 3rd quarter valued at $64,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 1.8 %

HD stock traded down $5.99 during midday trading on Wednesday, reaching $333.01. The company’s stock had a trading volume of 3,847,053 shares, compared to its average volume of 3,358,391. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The stock has a market cap of $330.02 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The business’s 50-day simple moving average is $366.40 and its 200-day simple moving average is $340.51.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $3.30 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent research reports. TD Cowen increased their price objective on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Truist Financial reiterated a “buy” rating and set a $417.00 price objective on shares of Home Depot in a research report on Wednesday, April 17th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. DA Davidson reissued a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research note on Monday, April 1st. Finally, Stifel Nicolaus upped their price target on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Profile

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.