Brown Advisory Inc. Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

Brown Advisory Inc. cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,867 shares of the home improvement retailer's stock after selling 3,551 shares during the quarter. Brown Advisory Inc.'s holdings in Home Depot were worth $116,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HD. Brighton Jones LLC grew its position in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after purchasing an additional 565 shares during the period. Proficio Capital Partners LLC increased its position in Home Depot by 11.1% in the fourth quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer's stock worth $4,102,000 after buying an additional 1,055 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC increased its position in Home Depot by 3.9% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 4,419 shares of the home improvement retailer's stock worth $1,719,000 after buying an additional 167 shares in the last quarter. Finally, Main Street Research LLC grew its stake in shares of Home Depot by 25.8% during the 4th quarter. Main Street Research LLC now owns 1,345 shares of the home improvement retailer's stock valued at $523,000 after acquiring an additional 276 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Trading Down 0.8%

Shares of Home Depot stock traded down $3.15 during trading on Friday, hitting $370.15. The stock had a trading volume of 3,068,031 shares, compared to its average volume of 3,436,129. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm's fifty day simple moving average is $366.14 and its 200-day simple moving average is $375.57. The stock has a market cap of $368.27 billion, a PE ratio of 25.11, a PEG ratio of 3.55 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the previous year, the business earned $3.63 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.49%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

Analyst Ratings Changes

Several brokerages have weighed in on HD. Truist Financial lifted their price target on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and increased their price target for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Gordon Haskett raised their price target on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Finally, Jefferies Financial Group dropped their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Profile

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.