The Home Depot, Inc. (NYSE:HD) Stock Position Decreased by Ashburton Jersey Ltd

Ashburton Jersey Ltd lowered its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 24,318 shares of the home improvement retailer’s stock after selling 1,299 shares during the period. Home Depot accounts for about 3.9% of Ashburton Jersey Ltd’s portfolio, making the stock its 12th biggest position. Ashburton Jersey Ltd’s holdings in Home Depot were worth $8,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Keener Financial Planning LLC acquired a new stake in shares of Home Depot in the 4th quarter worth about $31,000. PFG Private Wealth Management LLC grew its position in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the last quarter. Gilfoyle & Co LLC bought a new stake in Home Depot during the 4th quarter valued at $35,000. Briaud Financial Planning Inc bought a new stake in shares of Home Depot during the third quarter valued at about $41,000. Finally, Quantbot Technologies LP acquired a new stake in Home Depot in the third quarter worth about $64,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on HD. StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Evercore ISI dropped their target price on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Bank of America lifted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Read Our Latest Stock Report on HD

Home Depot Stock Up 0.1 %

Shares of HD stock traded up $0.20 during trading on Thursday, hitting $332.17. 825,215 shares of the company were exchanged, compared to its average volume of 3,311,703. The business’s 50-day simple moving average is $363.04 and its 200 day simple moving average is $341.81. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The firm has a market capitalization of $329.19 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.23 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:HDGet Free Report) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter last year, the business posted $3.30 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.71%. Home Depot’s payout ratio is presently 59.60%.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’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 sale, the executive vice president now directly 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 corporate insiders.

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 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.

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:HDFree Report).

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

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