The Home Depot, Inc. (NYSE:HD) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 12.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,246 shares of the home improvement retailer’s stock after selling 585 shares during the period. Navellier & Associates Inc.’s holdings in Home Depot were worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HD. L & S Advisors Inc raised its position in Home Depot by 3.0% in the third quarter. L & S Advisors Inc now owns 7,760 shares of the home improvement retailer’s stock worth $3,144,000 after acquiring an additional 227 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Home Depot by 1.5% in the 3rd quarter. Integrated Investment Consultants LLC now owns 2,124 shares of the home improvement retailer’s stock worth $861,000 after purchasing an additional 31 shares during the last quarter. Running Point Capital Advisors LLC raised its holdings in shares of Home Depot by 7.2% in the 3rd quarter. Running Point Capital Advisors LLC now owns 1,355 shares of the home improvement retailer’s stock worth $549,000 after purchasing an additional 91 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in Home Depot by 14.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,663 shares of the home improvement retailer’s stock valued at $1,079,000 after purchasing an additional 329 shares during the last quarter. Finally, Tradewinds LLC. boosted its holdings in Home Depot by 9.6% during the third quarter. Tradewinds LLC. now owns 2,025 shares of the home improvement retailer’s stock worth $821,000 after buying an additional 178 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 research analysts have recently commented on HD shares. Truist Financial increased their price objective on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Finally, DA Davidson lifted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Trading Up 0.4 %

HD opened at $401.46 on Thursday. The stock has a market capitalization of $398.77 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $306.48 and a twelve month high of $421.56. The company has a 50-day simple moving average of $401.72 and a 200 day simple moving average of $368.01.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Buying and Selling

In other news, 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 transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.