The Home Depot, Inc. (NYSE:HD) Shares Sold by Consolidated Planning Corp

Consolidated Planning Corp lowered its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 12.0% in the first quarter, Holdings Channel reports. The institutional investor owned 7,286 shares of the home improvement retailer’s stock after selling 996 shares during the quarter. Home Depot accounts for approximately 1.5% of Consolidated Planning Corp’s portfolio, making the stock its 11th biggest position. Consolidated Planning Corp’s holdings in Home Depot were worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Shore Point Advisors LLC acquired a new position in Home Depot in the fourth quarter worth $26,000. Rinkey Investments acquired a new position in Home Depot in the fourth quarter worth $25,000. Barnett & Company Inc. boosted its holdings in Home Depot by 173.1% in the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 45 shares during the period. Tobam acquired a new position in Home Depot in the first quarter worth $27,000. Finally, Joseph Group Capital Management acquired a new position in Home Depot in the fourth quarter worth $1,705,000. Institutional investors and hedge funds own 70.61% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $306.59 on Monday. The company’s 50-day moving average price is $288.95 and its two-hundred day moving average price is $315.25. The stock has a market cap of $315.10 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $420.61. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The firm had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. Home Depot’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $3.86 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 16.43 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were paid a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.48%. Home Depot’s dividend payout ratio is currently 48.25%.

Insider Buying and Selling

In other Home Depot news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Home Depot news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Piper Sandler lifted their price objective on shares of Home Depot from $310.00 to $321.00 and gave the stock a “neutral” rating in a report on Wednesday, May 18th. Wells Fargo & Company cut their target price on Home Depot from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Guggenheim cut their target price on Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. DA Davidson cut their target price on Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Finally, Truist Financial cut their target price on Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $368.45.

Home Depot Company Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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