Capital Investment Advisory Services LLC Sells 1,339 Shares of The Home Depot, Inc. (NYSE:HD)

Capital Investment Advisory Services LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 9.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,511 shares of the home improvement retailer’s stock after selling 1,339 shares during the period. Capital Investment Advisory Services LLC’s holdings in Home Depot were worth $4,682,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Home Depot by 12,647.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after purchasing an additional 5,525,791 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Home Depot in the third quarter valued at approximately $207,210,000. Envestnet Asset Management Inc. increased its stake in shares of Home Depot by 20.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock valued at $746,003,000 after buying an additional 421,619 shares during the period. California Public Employees Retirement System increased its stake in shares of Home Depot by 11.3% during the third quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after buying an additional 346,641 shares during the period. Finally, iA Global Asset Management Inc. increased its stake in shares of Home Depot by 220.9% during the third quarter. iA Global Asset Management Inc. now owns 447,544 shares of the home improvement retailer’s stock valued at $135,230,000 after buying an additional 308,091 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Truist Financial reissued a “buy” rating and set a $417.00 target price on shares of Home Depot in a research note on Wednesday, April 17th. Telsey Advisory Group boosted their target price on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. The Goldman Sachs Group upped their price target on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Barclays raised Home Depot from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $325.00 to $372.00 in a research note on Thursday, January 4th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Trading Down 0.0 %

Shares of Home Depot stock traded down $0.10 on Monday, reaching $335.26. The company had a trading volume of 376,807 shares, compared to its average volume of 3,311,089. The firm has a market cap of $332.25 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The firm’s 50-day moving average price is $367.36 and its two-hundred day moving average price is $339.88. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion during 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%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.30 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.68%. Home Depot’s dividend payout ratio is currently 59.60%.

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.