Advisor Resource Council reduced its stake in The Home Depot, Inc. (NYSE: HD – Get an assessment) by 90.3% in the 1st quarter, according to its last Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor held 933 shares of the home improvement retailer’s stock after selling 8,660 shares during the period. The Advisor Resource Council’s holdings in Home Depot were worth $280,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Trilogy Capital Inc. increased its position in Home Depot by 4.0% in the fourth quarter. Trilogy Capital Inc. now owns 732 shares of the home improvement retailer worth $304,000 after buying 28 more shares in the last quarter. Smith Anglin Financial LLC increased its position in Home Depot by 1.1% in the fourth quarter. Smith Anglin Financial LLC now owns 2,574 shares of the home improvement retailer worth $1,068,000 after buying 28 more shares in the last quarter. Palisades Hudson Asset Management LP increased its position in Home Depot by 1.1% in the fourth quarter. Palisades Hudson Asset Management LP now owns 2,518 shares of the home improvement retailer worth $1,045,000 after buying 28 more shares in the last quarter. Klingman & Associates LLC increased its position in Home Depot by 0.6% in the fourth quarter. Klingman & Associates LLC now owns 4,640 shares of the home improvement retailer worth $1,926,000 after buying 29 additional shares in the last quarter. Finally, Lenox Wealth Advisors LLC increased its position in Home Depot by 2.8% in the 4th quarter. Lenox Wealth Advisors LLC now owns 1,118 shares of the home improvement retailer worth $464,000 after buying 30 more shares in the last quarter. Institutional investors and hedge funds own 70.61% of the company’s shares.
Shares of NYSE: HD opened at $279.08 on Monday. The Home Depot, Inc. has a one-year low of $264.51 and a one-year high of $420.61. The company has a 50-day moving average of $291.54 and a 200-day moving average of $327.02. The company has a debt ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The stock has a market capitalization of $286.83 billion, a price/earnings ratio of 17.72, a P/E/G ratio of 1.67 and a beta of 0.98.
Home deposit (NYSE: HD – Get an assessment) last released its quarterly earnings data on Tuesday, May 17. The home improvement retailer reported earnings per share (EPS) of $4.09 for the quarter, beating analysts’ consensus estimate of $3.67 by $0.42. The company posted revenue of $38.91 billion in the quarter, compared to $36.78 billion expected by analysts. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The company’s revenue for the quarter increased 3.8% year over year. In the same quarter of the previous year, the company had earned earnings per share of $3.86. Equity research analysts expect The Home Depot, Inc. to post earnings per share of 16.47 for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Thursday, June 2 received a dividend of $1.90. This represents a dividend of $7.60 on an annualized basis and a yield of 2.72%. The ex-dividend date was Wednesday, June 1. The Home Depot’s payout ratio is currently 48.25%.
A number of research companies have recently commented on HD. Wells Fargo & Company cut its price target on Home Depot stock from $400.00 to $350.00 and set an “overweight” rating for the company in a Thursday, April 7 report. Jefferies Financial Group cut its price target on Home Depot stock from $420.00 to $400.00 and set a “buy” rating for the company in a Wednesday, May 18 report. Evercore ISI cut its price target on Home Depot stock to $360.00 in a Thursday, June 9 report. Guggenheim cut its price target on Home Depot stock from $400.00 to $350.00 and set an “na” rating for the company in a Wednesday, May 18 report. Finally, Piper Sandler raised her price target on Home Depot shares from $310.00 to $321.00 and gave the company a “neutral” rating in a Wednesday, May 18 report. Five analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $369.82.
In other news, EVP Anne Marie Campbell sold 11,293 shares of the company in a trade on Tuesday, May 24. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now owns 51,175 shares of the company, valued at $14,739,935.25. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website. Additionally, Executive Vice President Hector A. Padilla sold 136 shares of the company in a trade on Thursday, May 19. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares of the company, valued at approximately $3,248,052.90. Disclosure of this sale can be found here. Insiders hold 0.17% of the company’s shares.
About Home Depot (Get an assessment)
The Home Depot, Inc. operates as a home improvement retailer. It operates Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products, and decorating products, as well as facility maintenance, repair and operation products. countertops, furnaces and central air conditioning systems, and windows.
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