Concord Asset Management LLC VA Sells 1,422 Shares of The Home Depot, Inc. (NYSE:HD)

Concord Asset Management LLC VA trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,651 shares of the home improvement retailer's stock after selling 1,422 shares during the period. Concord Asset Management LLC VA's holdings in Home Depot were worth $3,083,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HD. Wealthfront Advisers LLC lifted its position in Home Depot by 0.3% in the first quarter. Wealthfront Advisers LLC now owns 109,716 shares of the home improvement retailer's stock worth $40,210,000 after purchasing an additional 297 shares during the period. First Business Financial Services Inc. lifted its position in Home Depot by 4.6% in the first quarter. First Business Financial Services Inc. now owns 1,795 shares of the home improvement retailer's stock worth $658,000 after purchasing an additional 79 shares during the period. Mosaic Family Wealth Partners LLC lifted its position in Home Depot by 3.6% in the first quarter. Mosaic Family Wealth Partners LLC now owns 1,943 shares of the home improvement retailer's stock worth $712,000 after purchasing an additional 67 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in Home Depot by 1.5% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 4,486 shares of the home improvement retailer's stock worth $1,644,000 after purchasing an additional 67 shares during the period. Finally, Whittier Trust Co. lifted its position in Home Depot by 1.2% in the first quarter. Whittier Trust Co. now owns 71,675 shares of the home improvement retailer's stock worth $26,267,000 after purchasing an additional 863 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.1%

NYSE:HD traded down $0.19 during trading hours on Friday, hitting $358.85. 2,078,310 shares of the stock traded hands, compared to its average volume of 3,429,618. The firm has a 50 day moving average price of $366.09 and a 200 day moving average price of $374.69. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market cap of $357.03 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 3.40 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results 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 net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the firm earned $3.63 earnings per share. Home Depot's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. DA Davidson cut their target price on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Jefferies Financial Group lowered their price objective on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Truist Financial lifted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.