Captrust Financial Advisors Reduces Position in The Home Depot, Inc. (NYSE:HD)

Captrust Financial Advisors lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 243,769 shares of the home improvement retailer’s stock after selling 9,390 shares during the quarter. Captrust Financial Advisors’ holdings in Home Depot were worth $98,775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HD. Jacobs Levy Equity Management Inc. acquired a new position in Home Depot in the 1st quarter valued at $430,000. Verity Asset Management Inc. purchased a new position in Home Depot during the first quarter worth about $215,000. Soltis Investment Advisors LLC raised its holdings in Home Depot by 6.8% during the first quarter. Soltis Investment Advisors LLC now owns 2,825 shares of the home improvement retailer’s stock worth $1,084,000 after purchasing an additional 179 shares in the last quarter. Clear Rock Advisors LLC lifted its position in Home Depot by 1.0% in the first quarter. Clear Rock Advisors LLC now owns 7,802 shares of the home improvement retailer’s stock valued at $2,993,000 after purchasing an additional 78 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Home Depot by 32.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 26,096 shares of the home improvement retailer’s stock valued at $10,010,000 after purchasing an additional 6,371 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HD shares. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Wednesday, October 2nd. Piper Sandler increased their price objective on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Bank of America increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. 0.10% of the stock is owned by company insiders.

Home Depot Stock Performance

NYSE:HD opened at $427.19 on Friday. The firm has a 50 day simple moving average of $406.69 and a 200-day simple moving average of $371.20. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market cap of $424.35 billion, a PE ratio of 29.02, a P/E/G ratio of 2.97 and a beta of 1.01. The Home Depot, Inc. has a 1-year low of $308.59 and a 1-year high of $439.37.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.11%. Home Depot’s dividend payout ratio is currently 61.14%.

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.