Bridgeworth LLC lowered its position in Home Depot Inc (NYSE:HD) by 24.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,366 shares of the home improvement retailer’s stock after selling 1,117 shares during the quarter. Bridgeworth LLC’s holdings in Home Depot were worth $781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of HD. Enterprise Trust & Investment Co acquired a new position in shares of Home Depot in the third quarter worth about $27,000. Krane Funds Advisors LLC acquired a new position in shares of Home Depot in the second quarter worth about $25,000. Evolution Wealth Advisors LLC bought a new stake in Home Depot in the second quarter valued at about $31,000. MRA Associates USA LLC bought a new stake in Home Depot in the second quarter valued at about $34,000. Finally, Atwater Malick LLC bought a new stake in Home Depot in the third quarter valued at about $39,000. Hedge funds and other institutional investors own 69.96% of the company’s stock.

Shares of NYSE HD traded down $1.26 during midday trading on Wednesday, hitting $234.36. 22,807 shares of the company’s stock were exchanged, compared to its average volume of 3,672,227. The stock’s 50 day moving average price is $229.00 and its 200-day moving average price is $210.49. The firm has a market cap of $256.99 billion, a P/E ratio of 23.69, a PEG ratio of 2.29 and a beta of 1.05. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $236.86.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.07 by $0.10. The business had revenue of $30.84 billion during the quarter, compared to the consensus estimate of $30.98 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.18%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.05 earnings per share. As a group, equities research analysts predict that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.44 annualized dividend and a dividend yield of 2.32%. Home Depot’s dividend payout ratio is presently 55.01%.

Several analysts recently weighed in on the company. Royal Bank of Canada boosted their price objective on Home Depot from $229.00 to $233.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Loop Capital boosted their price objective on Home Depot to $200.00 and gave the company a “hold” rating in a report on Wednesday, August 21st. Stifel Nicolaus boosted their price objective on Home Depot to $230.00 and gave the company a “buy” rating in a report on Monday, August 12th. Goldman Sachs Group assumed coverage on Home Depot in a report on Thursday, July 11th. They issued a “buy” rating and a $235.00 price objective for the company. Finally, Wedbush reissued a “neutral” rating and issued a $230.00 price objective (up from $190.00) on shares of Home Depot in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $228.24.

In other news, CFO Carol B. Tome sold 145,400 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the completion of the transaction, the chief financial officer now directly owns 496,374 shares in the company, valued at $108,725,760.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Edward P. Decker sold 22,908 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total value of $5,203,552.20. Following the transaction, the executive vice president now owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 177,508 shares of company stock valued at $39,076,428. Insiders own 0.27% of the company’s stock.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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