AdvisorNet Financial Inc Sells 507 Shares of The Home Depot, Inc. (NYSE:HD)

AdvisorNet Financial Inc reduced its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 13.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,128 shares of the home improvement retailer’s stock after selling 507 shares during the quarter. AdvisorNet Financial Inc’s holdings in Home Depot were worth $1,084,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HD. Harvest Investment Advisors LLC lifted its stake in shares of Home Depot by 0.8% during the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after acquiring an additional 30 shares during the last quarter. Armstrong Henry H Associates Inc. lifted its stake in shares of Home Depot by 0.3% during the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock worth $3,778,000 after acquiring an additional 30 shares during the last quarter. CGC Financial Services LLC lifted its stake in shares of Home Depot by 4.3% during the 4th quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock worth $250,000 after acquiring an additional 30 shares during the last quarter. Independent Investors Inc. lifted its stake in shares of Home Depot by 0.5% during the 4th quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock worth $2,097,000 after acquiring an additional 30 shares during the last quarter. Finally, Von Berge Wealth Management Group LLC lifted its stake in shares of Home Depot by 1.9% during the 4th quarter. Von Berge Wealth Management Group LLC now owns 1,739 shares of the home improvement retailer’s stock worth $619,000 after acquiring an additional 33 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HD. Truist Financial reduced their price objective on Home Depot from $387.00 to $386.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Guggenheim lifted their price target on Home Depot from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. TD Cowen lifted their price target on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Oppenheimer downgraded Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $368.76.

Check Out Our Latest Research Report on HD

Home Depot Stock Performance

NYSE:HD opened at $383.60 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The firm has a market capitalization of $380.16 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.53 and a beta of 0.98. The firm’s fifty day simple moving average is $369.40 and its 200 day simple moving average is $335.33. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HDGet Free Report) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the previous year, the business posted $3.30 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

About Home Depot

(Free Report)

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 d├ęcor 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.

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

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