AMI Asset Management Corp Trims Position in The Home Depot, Inc. (NYSE:HD)

AMI Asset Management Corp lessened its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,534 shares of the home improvement retailer’s stock after selling 307 shares during the period. AMI Asset Management Corp’s holdings in Home Depot were worth $1,225,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC purchased a new position in Home Depot during the 2nd quarter valued at about $26,000. Fairfield Bush & CO. purchased a new position in Home Depot during the 1st quarter valued at about $27,000. KB Financial Partners LLC purchased a new position in Home Depot during the 1st quarter valued at about $28,000. Studio Investment Management LLC purchased a new position in Home Depot during the 4th quarter valued at about $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Home Depot during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on HD. Royal Bank of Canada raised their target price on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus lifted their price objective on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. Finally, Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $368.76.

Read Our Latest Report on Home Depot

Home Depot Stock Performance

Shares of 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 Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a 50 day simple moving average of $369.40 and a two-hundred day simple moving average of $335.33. The stock has a market cap of $380.16 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.53 and a beta of 0.99.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS 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 1,452.22%. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the previous year, the business posted $3.30 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, analysts predict that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.35%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

Insider Buying and Selling at Home Depot

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

Home Depot Profile

(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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