CGN Advisors LLC Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

CGN Advisors LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,081 shares of the home improvement retailer’s stock after selling 1,098 shares during the period. CGN Advisors LLC’s holdings in Home Depot were worth $3,143,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Premier Path Wealth Partners LLC lifted its holdings in shares of Home Depot by 10.6% in the fourth quarter. Premier Path Wealth Partners LLC now owns 6,683 shares of the home improvement retailer’s stock valued at $2,600,000 after purchasing an additional 641 shares in the last quarter. Sanibel Captiva Trust Company Inc. lifted its stake in Home Depot by 0.9% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 250,382 shares of the home improvement retailer’s stock valued at $97,396,000 after buying an additional 2,185 shares in the last quarter. Howard Financial Services LTD. grew its holdings in Home Depot by 13.2% during the 4th quarter. Howard Financial Services LTD. now owns 1,815 shares of the home improvement retailer’s stock valued at $706,000 after buying an additional 211 shares during the last quarter. Alhambra Investment Management LLC increased its position in Home Depot by 2.3% during the fourth quarter. Alhambra Investment Management LLC now owns 5,986 shares of the home improvement retailer’s stock worth $2,328,000 after buying an additional 134 shares in the last quarter. Finally, Verity & Verity LLC raised its holdings in shares of Home Depot by 28.4% in the fourth quarter. Verity & Verity LLC now owns 24,667 shares of the home improvement retailer’s stock worth $9,595,000 after acquiring an additional 5,458 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on HD shares. Oppenheimer increased their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Truist Financial lifted their price target on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Royal Bank of Canada upped their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Stifel Nicolaus lifted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Performance

Shares of NYSE:HD opened at $409.42 on Monday. The company has a market cap of $406.70 billion, a P/E ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business’s 50-day simple moving average is $406.51 and its 200 day simple moving average is $387.81. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.81 earnings per share. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the 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 directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

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.