Francis Financial Inc. Cuts Position in The Home Depot, Inc. (NYSE:HD)

Francis Financial Inc. lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 833 shares of the home improvement retailer’s stock after selling 34 shares during the quarter. Francis Financial Inc.’s holdings in Home Depot were worth $289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Home Depot in the fourth quarter worth approximately $3,740,875,000. Moneta Group Investment Advisors LLC raised its position in Home Depot by 105,205.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock worth $3,472,867,000 after acquiring an additional 10,984,516 shares during the period. Comerica Bank bought a new position in Home Depot in the second quarter worth approximately $7,703,690,000. Imprint Wealth LLC raised its position in Home Depot by 30,994.4% in the second quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer’s stock worth $241,323,000 after acquiring an additional 2,405,473 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Home Depot during the 1st quarter valued at $563,524,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HD. Telsey Advisory Group raised their price objective on shares of Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. Truist Financial dropped their price objective on shares of Home Depot from $387.00 to $386.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Guggenheim lifted their price objective on shares of Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Mizuho assumed coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. Finally, Wedbush reissued an “outperform” rating and issued a $380.00 price objective on shares of Home Depot in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.76.

Home Depot Stock Down 0.6 %

NYSE:HD opened at $383.57 on Friday. The firm has a market capitalization of $380.13 billion, a P/E ratio of 25.40, a PEG ratio of 2.55 and a beta of 0.99. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company’s fifty day moving average price is $368.47 and its 200-day moving average price is $334.54. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the prior year, the business earned $3.30 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.35%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Home Depot Company 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.