The Home Depot, Inc. (NYSE:HD) Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 15.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,595 shares of the home improvement retailer’s stock after selling 478 shares during the period. Chilton Capital Management LLC’s holdings in Home Depot were worth $951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Management Partners LLC lifted its stake in shares of Home Depot by 0.6% during the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock worth $2,384,000 after purchasing an additional 36 shares during the period. Arbor Capital Management Inc. ADV raised its position in Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after purchasing an additional 221 shares during the period. Disciplined Investors L.L.C. acquired a new stake in shares of Home Depot during the fourth quarter valued at about $409,000. ARS Wealth Advisors Group LLC grew its stake in shares of Home Depot by 0.8% during the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock valued at $11,628,000 after acquiring an additional 239 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at about $3,193,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred 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 directly owned 7,951 shares of the company’s stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president owned 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Wells Fargo & Company set a $420.00 target price on shares of Home Depot and gave the stock an “overweight” rating in a report on Monday, June 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Monday, June 30th. Guggenheim reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Finally, Truist Financial boosted their target price on Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Seven 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 stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Price Performance

NYSE HD opened at $371.36 on Friday. The company has a 50 day simple moving average of $365.14 and a 200-day simple moving average of $376.21. 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 firm has a market capitalization of $369.47 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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 return on equity of 242.51% and a net margin of 8.98%. The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the company posted $3.63 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio is presently 62.42%.

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.