The Home Depot, Inc. (NYSE:HD) Shares Sold by Francis Financial Inc.

Francis Financial Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 833 shares of the home improvement retailer’s stock after selling 34 shares during the quarter. Francis Financial Inc.’s holdings in Home Depot were worth $289,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. VisionPoint Advisory Group LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at approximately $26,000. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the 1st quarter valued at approximately $27,000. KB Financial Partners LLC purchased a new position in shares of Home Depot during the 1st quarter valued at approximately $28,000. Studio Investment Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot during the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com upgraded Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Telsey Advisory Group raised their price target on Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Wells Fargo & Company raised their price target on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Truist Financial lowered their price target on Home Depot from $387.00 to $386.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, Piper Sandler raised Home Depot from a “neutral” rating to an “overweight” rating and raised their price target for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.76.

Home Depot Stock Performance

Shares of HD opened at $383.57 on Friday. The stock has a 50-day moving average price of $368.47 and a 200-day moving average price of $334.54. The company has a market cap of $380.13 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.55 and a beta of 0.99. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the previous year, the company posted $3.30 EPS. Home Depot’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.35%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Home Depot 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.