Westwood Holdings Group Inc. Sells 102,881 Shares of The Home Depot, Inc. (NYSE:HD)

Westwood Holdings Group Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 54.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,961 shares of the home improvement retailer's stock after selling 102,881 shares during the period. Westwood Holdings Group Inc.'s holdings in Home Depot were worth $33,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. K.J. Harrison & Partners Inc boosted its position in Home Depot by 65.2% in the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock valued at $3,535,000 after buying an additional 3,590 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after purchasing an additional 3,873 shares during the period. Disciplined Investors L.L.C. acquired a new position in shares of Home Depot in the 4th quarter valued at $409,000. JPL Wealth Management LLC acquired a new stake in Home Depot during the 4th quarter worth $3,193,000. Finally, Umpqua Bank raised its stake in Home Depot by 26.5% during the 4th quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer's stock worth $2,425,000 after buying an additional 1,294 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on HD shares. Jefferies Financial Group dropped their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday. Truist Financial raised their price objective on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday. Wedbush restated an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $427.92.

Home Depot Price Performance

HD traded down $6.34 during trading on Wednesday, hitting $370.71. 3,965,127 shares of the stock traded hands, compared to its average volume of 3,436,752. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a market cap of $368.50 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business has a 50 day moving average price of $359.38 and a 200 day moving average price of $387.66.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the firm earned $3.63 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is presently 61.66%.

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.