Charles Schwab Trust Co Lowers Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Charles Schwab Trust Co lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,148 shares of the home improvement retailer's stock after selling 679 shares during the quarter. Charles Schwab Trust Co's holdings in Home Depot were worth $2,253,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HD. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot in the 4th quarter valued at about $28,000. Navigoe LLC acquired a new position in shares of Home Depot in the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot in the 4th quarter worth about $32,000. Quarry LP raised its holdings in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the period. Finally, Sellwood Investment Partners LLC acquired a new position in Home Depot in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Truist Financial upped their price target on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. upped their price target on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. KGI Securities raised Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price target (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling

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 completion of the transaction, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 17,367 shares of the company's stock, 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. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Shares of HD stock traded down $3.43 during trading hours on Thursday, reaching $368.97. The company had a trading volume of 2,320,479 shares, compared to its average volume of 3,412,010. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a fifty day moving average of $361.54 and a 200-day moving average of $385.28. The company has a market capitalization of $367.10 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.93 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $3.63 earnings per share. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.49%. Home Depot's payout ratio is 62.42%.

Home Depot Company 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.