Atria Wealth Solutions Inc. Sells 8,289 Shares of The Home Depot, Inc. (NYSE:HD)

Key Points

• Atria Wealth Solutions Inc. sold 8,289 shares of The Home Depot, reducing its holdings by 12.1% and valuing its remaining shares at $22,033,000.
• Recent insider transactions show executives, Fahim Siddiqui and Teresa Wynn Roseborough, sold a combined total of 8,006 shares, resulting in significant ownership decreases of 24.64% and 23.74% respectively.
• Home Depot reported earnings per share of $3.56, falling short of analysts' expectations, yet showed a 9.4% increase in revenue compared to the previous year.

Atria Wealth Solutions Inc. decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,118 shares of the home improvement retailer's stock after selling 8,289 shares during the period. Atria Wealth Solutions Inc.'s holdings in Home Depot were worth $22,033,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new position in shares of Home Depot during the 1st quarter valued at $406,000. Wealth Management Partners LLC increased its stake in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after purchasing an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV increased its stake in Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after purchasing an additional 221 shares in the last quarter. ARS Wealth Advisors Group LLC raised its holdings in shares of Home Depot by 0.8% during the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after purchasing an additional 239 shares during the period. Finally, Tabor Asset Management LP bought a new position in shares of Home Depot during the 1st quarter worth about $5,886,000. Institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Home Depot stock opened at $380.98 on Tuesday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company's 50 day moving average price is $366.19 and its two-hundred day moving average price is $372.71. The stock has a market cap of $379.05 billion, a P/E ratio of 25.85, a P/E/G ratio of 3.55 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HD. Robert W. Baird decreased their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Truist Financial raised their price objective on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Mizuho lowered their target price on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Monday, June 30th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

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.

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