The Home Depot, Inc. (NYSE:HD) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,987 shares of the home improvement retailer's stock after selling 777 shares during the period. Home Depot comprises 1.4% of Tyche Wealth Partners LLC's holdings, making the stock its 15th largest position. Tyche Wealth Partners LLC's holdings in Home Depot were worth $6,592,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Navigoe LLC purchased a new position in Home Depot during the fourth quarter worth approximately $29,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot during the fourth quarter worth approximately $32,000. Quarry LP boosted 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 purchasing an additional 66 shares in the last quarter. Sellwood Investment Partners LLC purchased a new position in Home Depot during the fourth quarter worth approximately $39,000. Finally, NewSquare Capital LLC boosted its position in Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after purchasing an additional 68 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business'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 now directly owns 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $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. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HD. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and increased their price target for the stock from $405.00 to $425.00 in a research report on Wednesday, May 21st. Guggenheim restated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Friday, June 20th. Truist Financial raised their target price on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Wedbush restated an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Price Performance

NYSE:HD opened at $360.53 on Wednesday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The company has a market capitalization of $358.70 billion, a P/E ratio of 24.46, a P/E/G ratio of 3.39 and a beta of 1.02. The stock's fifty day moving average is $362.79 and its two-hundred day moving average is $378.77.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the firm posted $3.63 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.55%. Home Depot's payout ratio is presently 62.42%.

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.

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