The Home Depot, Inc. (NYSE:HD) Position Lessened by Coastwise Capital Group LLC

Coastwise Capital Group LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,275 shares of the home improvement retailer’s stock after selling 196 shares during the period. Coastwise Capital Group LLC’s holdings in Home Depot were worth $496,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new stake in Home Depot during the 4th quarter valued at $26,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot during the fourth quarter valued at about $41,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot during the 3rd quarter valued at about $46,000. Finally, Quarry LP grew its stake in shares of Home Depot by 36.0% in the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after purchasing an additional 36 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 0.6 %

Home Depot stock opened at $411.86 on Friday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market capitalization of $409.13 billion, a PE ratio of 27.98, a PEG ratio of 4.35 and a beta of 1.05. The business’s 50-day simple moving average is $407.86 and its 200-day simple moving average is $392.46.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.81 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of 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 represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last ninety days. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

HD has been the subject of several research reports. Sanford C. Bernstein assumed coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. Morgan Stanley upped their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Truist Financial increased their price objective on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Mizuho raised their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

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.