AM Investment Strategies LLC Sells 1,329 Shares of The Home Depot, Inc. (NYSE:HD)

AM Investment Strategies LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 25.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,974 shares of the home improvement retailer’s stock after selling 1,329 shares during the quarter. AM Investment Strategies LLC’s holdings in Home Depot were worth $1,377,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Northern Trust Corp lifted its position in shares of Home Depot by 1.3% during the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock valued at $3,730,889,000 after acquiring an additional 153,141 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after buying an additional 5,525,791 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Home Depot by 38.4% during the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after buying an additional 1,207,388 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Home Depot by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock worth $1,032,904,000 after buying an additional 346,641 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Home Depot by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 2,483,454 shares of the home improvement retailer’s stock worth $750,448,000 after buying an additional 17,224 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Citigroup boosted their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. DA Davidson reissued a “neutral” rating and set a $370.00 price target on shares of Home Depot in a report on Monday, April 1st. StockNews.com raised Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada upped their target price on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Down 0.3 %

Shares of Home Depot stock traded down $1.11 on Thursday, hitting $331.90. 3,786,779 shares of the company’s stock traded hands, compared to its average volume of 3,364,632. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company has a fifty day moving average of $365.31 and a two-hundred day moving average of $340.40. The company has a market capitalization of $328.92 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.71%. Home Depot’s dividend payout ratio is presently 59.60%.

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.