Avaii Wealth Management LLC Has $301,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Avaii Wealth Management LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 867 shares of the home improvement retailer’s stock after selling 115 shares during the quarter. Avaii Wealth Management LLC’s holdings in Home Depot were worth $301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HD. International Assets Investment Management LLC increased its position in Home Depot by 12,647.4% during the 4th 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 period. Jennison Associates LLC grew its position in shares of Home Depot by 38.4% during the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after buying an additional 1,207,388 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $207,210,000. Envestnet Asset Management Inc. grew its position in shares of Home Depot by 20.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock worth $746,003,000 after buying an additional 421,619 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Home Depot by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock worth $1,032,904,000 after buying an additional 346,641 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD traded up $0.80 during midday trading on Monday, hitting $335.89. 862,985 shares of the company’s stock were exchanged, compared to its average volume of 3,323,721. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The company has a market cap of $332.87 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.23 and a beta of 0.98. The business’s fifty day moving average price is $364.77 and its two-hundred day moving average price is $341.27.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the previous year, the firm earned $3.30 earnings per share. Home Depot’s revenue was down 2.9% on a year-over-year basis. As a group, research 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 announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.68%. Home Depot’s payout ratio is presently 59.60%.

Analyst Ratings Changes

Several analysts have recently commented on HD shares. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. Truist Financial reissued a “buy” rating and issued a $417.00 price target on shares of Home Depot in a research report on Wednesday, April 17th. Wedbush lifted their price target on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. TD Cowen lifted their price target on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Finally, Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $325.00 to $372.00 in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the business’s 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 completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s 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 completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $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

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.