Bordeaux Wealth Advisors LLC Sells 752 Shares of The Home Depot, Inc. (NYSE:HD)

Bordeaux Wealth Advisors LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 35.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,397 shares of the home improvement retailer’s stock after selling 752 shares during the period. Bordeaux Wealth Advisors LLC’s holdings in Home Depot were worth $484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bare Financial Services Inc bought a new stake in shares of Home Depot in the 4th quarter worth about $26,000. Keener Financial Planning LLC acquired a new position in Home Depot in the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC grew its stake in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares during the last quarter. Gilfoyle & Co LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $35,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Home Depot in the third quarter valued at approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HD. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Wedbush lifted their price target on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, April 1st. DA Davidson reiterated a “neutral” rating and set a $370.00 price target on shares of Home Depot in a research report on Monday, April 1st. Truist Financial restated a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a research report on Wednesday, April 17th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Trading Up 2.2 %

NYSE:HD traded up $7.50 on Friday, reaching $343.03. The company’s stock had a trading volume of 4,164,367 shares, compared to its average volume of 3,349,842. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The business’s 50-day moving average price is $362.33 and its two-hundred day moving average price is $341.76. The firm has a market cap of $339.95 billion, a PE ratio of 22.72, a PEG ratio of 2.21 and a beta of 1.01. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. The business had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.30 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Insider Activity at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 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.