B. Riley Wealth Advisors Inc. Has $27.24 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

B. Riley Wealth Advisors Inc. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 13.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 66,812 shares of the home improvement retailer’s stock after selling 10,543 shares during the period. Home Depot accounts for about 0.8% of B. Riley Wealth Advisors Inc.’s holdings, making the stock its 16th biggest position. B. Riley Wealth Advisors Inc.’s holdings in Home Depot were worth $27,239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HD. Brass Tax Wealth Management Inc. grew its position in Home Depot by 30.5% in the third quarter. Brass Tax Wealth Management Inc. now owns 788 shares of the home improvement retailer’s stock worth $319,000 after acquiring an additional 184 shares in the last quarter. Legacy Wealth Management LLC MS increased its holdings in shares of Home Depot by 43.0% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 1,288 shares of the home improvement retailer’s stock valued at $522,000 after acquiring an additional 387 shares during the last quarter. Alternative Investment Advisors LLC. bought a new position in shares of Home Depot in the 3rd quarter valued at approximately $242,000. DGS Capital Management LLC lifted its holdings in Home Depot by 4.5% in the 3rd quarter. DGS Capital Management LLC now owns 2,293 shares of the home improvement retailer’s stock worth $929,000 after purchasing an additional 98 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its holdings in Home Depot by 7.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,771 shares of the home improvement retailer’s stock worth $1,124,000 after purchasing an additional 183 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last three months. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Truist Financial boosted their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley increased their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus raised their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Melius Research assumed coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Price Performance

HD opened at $416.97 on Friday. 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 stock has a market capitalization of $414.20 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.93 and a beta of 1.03. The company’s 50 day simple moving average is $411.79 and its 200-day simple moving average is $377.99. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $3.81 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.16%. Home Depot’s dividend payout ratio is currently 61.14%.

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.