Atria Investments Inc Sells 2,132 Shares of The Home Depot, Inc. (NYSE:HD)

Atria Investments Inc reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 70,616 shares of the home improvement retailer’s stock after selling 2,132 shares during the period. Atria Investments Inc’s holdings in Home Depot were worth $25,880,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Davis Rea LTD. bought a new stake in shares of Home Depot during the first quarter worth $3,947,000. Journey Strategic Wealth LLC lifted its position in shares of Home Depot by 45.5% during the first quarter. Journey Strategic Wealth LLC now owns 17,050 shares of the home improvement retailer’s stock worth $6,249,000 after purchasing an additional 5,329 shares during the last quarter. SFE Investment Counsel raised its holdings in shares of Home Depot by 62.4% in the first quarter. SFE Investment Counsel now owns 877 shares of the home improvement retailer’s stock valued at $321,000 after acquiring an additional 337 shares in the last quarter. AJ Advisors LLC raised its holdings in shares of Home Depot by 7.4% in the first quarter. AJ Advisors LLC now owns 1,572 shares of the home improvement retailer’s stock valued at $576,000 after acquiring an additional 108 shares in the last quarter. Finally, Carnegie Investment Counsel raised its holdings in shares of Home Depot by 88.1% in the first quarter. Carnegie Investment Counsel now owns 93,913 shares of the home improvement retailer’s stock valued at $33,193,000 after acquiring an additional 43,982 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares of the company’s stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president directly owned 17,367 shares of the company’s stock, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on HD. Evercore ISI set a $400.00 price objective on Home Depot and gave the company an “outperform” rating in a report on Thursday, May 22nd. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the stock an “overweight” rating in a research note on Monday, June 30th. DA Davidson dropped their target price on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Robert W. Baird dropped their target price on Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Monday, June 30th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Stock Down 0.4%

Shares of Home Depot stock traded down $1.59 during midday trading on Thursday, hitting $374.76. The company’s stock had a trading volume of 544,347 shares, compared to its average volume of 3,543,568. The firm has a market capitalization of $372.86 billion, a P/E ratio of 25.42, a PEG ratio of 3.53 and a beta of 1.00. The stock has a 50-day simple moving average of $365.82 and a 200-day simple moving average of $374.10. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. Home Depot’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.45%. Home Depot’s payout ratio is 62.42%.

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.