B. Riley Wealth Advisors Inc. Sells 8,709 Shares of The Home Depot, Inc. (NYSE:HD)

B. Riley Wealth Advisors Inc. lowered its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,103 shares of the home improvement retailer's stock after selling 8,709 shares during the quarter. Home Depot comprises about 0.7% of B. Riley Wealth Advisors Inc.'s investment portfolio, making the stock its 18th largest position. B. Riley Wealth Advisors Inc.'s holdings in Home Depot were worth $22,602,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. Synergy Asset Management LLC acquired a new position in Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot in the fourth quarter worth $28,000. Navigoe LLC acquired a new position in Home Depot in the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot in the fourth quarter worth $32,000. Finally, Quarry LP boosted its stake in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Up 0.0%

Shares of NYSE HD traded up $0.02 during mid-day trading on Thursday, reaching $368.08. 2,520,540 shares of the company's stock were exchanged, compared to its average volume of 3,429,044. The firm has a market capitalization of $365.88 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 4.03 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The business has a fifty day simple moving average of $360.70 and a 200 day simple moving average of $386.56. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released 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 analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.63 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot's payout ratio is presently 62.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho cut their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Robert W. Baird cut their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Wedbush reaffirmed an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, TD Securities reaffirmed a "buy" rating and set a $470.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. 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, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 transaction, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated 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 now owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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.