Harbor Advisory Corp MA Sells 330 Shares of The Home Depot, Inc. (NYSE:HD)

Harbor Advisory Corp MA decreased its stake in The Home Depot, Inc. (NYSE:HD) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,007 shares of the home improvement retailer’s stock after selling 330 shares during the period. Harbor Advisory Corp MA’s holdings in Home Depot were worth $1,389,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC increased its position in shares of Home Depot by 8.4% during the third quarter. Opal Wealth Advisors LLC now owns 3,213 shares of the home improvement retailer’s stock worth $971,000 after acquiring an additional 248 shares in the last quarter. Norris Perne & French LLP MI grew its holdings in shares of Home Depot by 0.7% during the 3rd quarter. Norris Perne & French LLP MI now owns 52,374 shares of the home improvement retailer’s stock valued at $15,825,000 after purchasing an additional 379 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in Home Depot by 6.5% in the 3rd quarter. Fiduciary Alliance LLC now owns 35,368 shares of the home improvement retailer’s stock worth $10,687,000 after acquiring an additional 2,168 shares during the last quarter. Benedict Financial Advisors Inc. lifted its position in shares of Home Depot by 1.3% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 6,006 shares of the home improvement retailer’s stock worth $1,815,000 after purchasing an additional 75 shares during the period. Finally, Czech National Bank lifted its position in Home Depot by 46.6% during the 3rd quarter. Czech National Bank now owns 175,719 shares of the home improvement retailer’s stock valued at $53,095,000 after acquiring an additional 55,839 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HD. Guggenheim reaffirmed a “buy” rating and set a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. Bank of America lifted their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Truist Financial reaffirmed a “buy” rating and set a $417.00 target price on shares of Home Depot in a report on Wednesday, April 17th. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada increased their price target on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $375.96.

Insider Transactions at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on 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 directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’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 transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated 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. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.0 %

Shares of HD stock traded down $0.03 during trading on Monday, reaching $335.06. The company’s stock had a trading volume of 721,444 shares, compared to its average volume of 3,322,540. 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a market capitalization of $332.05 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.23 and a beta of 0.98. The stock’s 50-day moving average price is $364.77 and its 200 day moving average price is $341.27.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.30 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is presently 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.