Heritage Family Offices LLP Sells 2,767 Shares of The Home Depot, Inc. (NYSE:HD)

Heritage Family Offices LLP lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 51.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,591 shares of the home improvement retailer's stock after selling 2,767 shares during the period. Heritage Family Offices LLP's holdings in Home Depot were worth $950,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Wingate Wealth Advisors Inc. acquired a new position in Home Depot in the fourth quarter valued at about $28,000. Navigoe LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $32,000. Quarry LP raised its position in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 66 shares in the last quarter. Finally, Marshall Investment Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were 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 directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was 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 now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% 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.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Mizuho decreased 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. 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. Piper Sandler dropped their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Wedbush reaffirmed an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, DA Davidson decreased their price target on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one 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 has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

HD traded down $0.58 during trading hours on Wednesday, hitting $372.50. The stock had a trading volume of 2,427,204 shares, compared to its average volume of 3,412,405. The company's fifty day simple moving average is $361.24 and its 200 day simple moving average is $385.37. The Home Depot, Inc. has a 1 year low of $323.93 and a 1 year high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a market cap of $370.61 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last posted 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 return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.63 earnings per share. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced 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 2.47%. Home Depot's dividend payout ratio (DPR) is presently 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.