The Home Depot, Inc. (NYSE:HD) Shares Sold by Spire Wealth Management

Spire Wealth Management lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 23.2% in the 4th quarter, HoldingsChannel reports. The firm owned 35,051 shares of the home improvement retailer’s stock after selling 10,569 shares during the quarter. Spire Wealth Management’s holdings in Home Depot were worth $12,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bare Financial Services Inc purchased a new position in shares of Home Depot during the 4th quarter valued at about $26,000. Keener Financial Planning LLC acquired a new stake in Home Depot during the fourth quarter worth about $31,000. PFG Private Wealth Management LLC increased its holdings in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares in the last quarter. Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $35,000. Finally, Briaud Financial Planning Inc purchased a new stake in Home Depot during the third quarter worth $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Truist Financial reissued a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a report on Wednesday, April 17th. Evercore ISI reduced their target price on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, Mizuho started coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were 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 of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated 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 directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Up 2.2 %

HD stock traded up $7.32 during trading on Friday, reaching $342.85. 4,165,054 shares of the stock were exchanged, compared to its average volume of 3,606,830. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The firm has a market capitalization of $339.77 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.28 and a beta of 1.01. The business has a 50 day moving average price of $361.75 and a 200-day moving average price of $342.77. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last released its quarterly 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. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.30 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.63%. Home Depot’s dividend payout ratio is currently 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.