626 Financial LLC Reduces Position in The Home Depot, Inc. (NYSE:HD)

626 Financial LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 11.7% in the 4th quarter, Holdings Channel reports. The fund owned 757 shares of the home improvement retailer’s stock after selling 100 shares during the quarter. 626 Financial LLC’s holdings in Home Depot were worth $294,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Affinity Capital Advisors LLC grew its stake in shares of Home Depot by 2.4% in the 4th quarter. Affinity Capital Advisors LLC now owns 2,825 shares of the home improvement retailer’s stock valued at $1,086,000 after buying an additional 67 shares during the period. Quantum Financial Advisors LLC lifted its holdings in shares of Home Depot by 3.4% in the 4th quarter. Quantum Financial Advisors LLC now owns 1,623 shares of the home improvement retailer’s stock worth $631,000 after acquiring an additional 54 shares during the last quarter. Wallace Advisory Group LLC lifted its holdings in shares of Home Depot by 2.2% in the 4th quarter. Wallace Advisory Group LLC now owns 1,417 shares of the home improvement retailer’s stock worth $574,000 after acquiring an additional 31 shares during the last quarter. Mendota Financial Group LLC lifted its holdings in shares of Home Depot by 92.0% in the 4th quarter. Mendota Financial Group LLC now owns 482 shares of the home improvement retailer’s stock worth $187,000 after acquiring an additional 231 shares during the last quarter. Finally, Tuttle Capital Management LLC lifted its holdings in shares of Home Depot by 34.7% in the 4th quarter. Tuttle Capital Management LLC now owns 993 shares of the home improvement retailer’s stock worth $386,000 after acquiring an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last ninety days. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HD. Truist Financial upped their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. DA Davidson upped their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Stifel Nicolaus upped their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Trading Up 3.4 %

NYSE HD opened at $405.99 on Thursday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm’s fifty day moving average price is $405.88 and its 200 day moving average price is $386.65. The company has a market capitalization of $403.30 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $3.81 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

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.