Capital Advisory Group Advisory Services LLC Sells 440 Shares of The Home Depot, Inc. (NYSE:HD)

Capital Advisory Group Advisory Services LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 23.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,420 shares of the home improvement retailer’s stock after selling 440 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Home Depot were worth $520,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. POM Investment Strategies LLC raised its stake in Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock valued at $824,000 after purchasing an additional 24 shares during the period. Center for Financial Planning Inc. raised its stake in Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock valued at $1,810,000 after purchasing an additional 24 shares during the period. Tranquility Partners LLC raised its stake in Home Depot by 1.1% during the 4th quarter. Tranquility Partners LLC now owns 2,306 shares of the home improvement retailer’s stock valued at $897,000 after purchasing an additional 26 shares during the period. Wealth Group Ltd. raised its stake in Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock valued at $219,000 after purchasing an additional 27 shares during the period. Finally, Members Trust Co raised its stake in Home Depot by 1.0% during the 4th quarter. Members Trust Co now owns 2,692 shares of the home improvement retailer’s stock valued at $1,047,000 after purchasing an additional 27 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HD. Jefferies Financial Group cut their target price on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and upped their price target for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Home Depot in a research note on Monday, June 2nd. Piper Sandler dropped their price target on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Finally, Truist Financial upped their price target on shares of Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Stock Down 2.1%

HD stock opened at $360.35 on Thursday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a 50-day moving average of $361.89 and a two-hundred day moving average of $383.78. The stock has a market capitalization of $358.52 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter last year, the company earned $3.63 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s payout ratio is presently 62.42%.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

About Home Depot

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.