The Home Depot, Inc. (NYSE:HD) Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,313 shares of the home improvement retailer's stock after selling 1,257 shares during the quarter. Richard Bernstein Advisors LLC's holdings in Home Depot were worth $4,146,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Home Depot by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after buying an additional 875,836 shares during the period. Geode Capital Management LLC boosted its stake in shares of Home Depot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after buying an additional 257,036 shares during the period. Asset Planning Services Inc. LA ADV boosted its stake in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after buying an additional 18,956,701 shares during the period. Norges Bank acquired a new stake in shares of Home Depot during the fourth quarter worth about $5,032,910,000. Finally, Capital Research Global Investors boosted its stake in shares of Home Depot by 5.5% during the fourth quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock worth $4,845,098,000 after buying an additional 647,552 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 1.1%

HD stock traded down $4.17 during midday trading on Monday, hitting $367.51. The stock had a trading volume of 3,431,640 shares, compared to its average volume of 3,438,169. The firm has a market cap of $365.65 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. 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 Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company's 50-day moving average price is $365.14 and its 200 day moving average price is $376.15.

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

Home Depot Announces Dividend

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

Analysts Set New Price Targets

HD has been the subject of a number of recent analyst reports. Mizuho reduced their price objective on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada reduced their price objective on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Truist Financial raised their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Guggenheim reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Seven equities research 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. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Buying and Selling at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. 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 Home Depot stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction 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 position. The disclosure for this sale can be found here. 0.10% of the stock is owned by 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.