Advisory Alpha LLC Has $2.95 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Advisory Alpha LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 23.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,591 shares of the home improvement retailer’s stock after selling 2,301 shares during the period. Advisory Alpha LLC’s holdings in Home Depot were worth $2,953,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. West Branch Capital LLC boosted its holdings in shares of Home Depot by 5.6% during the 4th quarter. West Branch Capital LLC now owns 12,930 shares of the home improvement retailer’s stock worth $5,029,000 after buying an additional 689 shares during the period. MBM Wealth Consultants LLC boosted its holdings in shares of Home Depot by 1.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 4,482 shares of the home improvement retailer’s stock worth $1,741,000 after buying an additional 69 shares during the period. Dakota Wealth Management boosted its holdings in shares of Home Depot by 14.0% during the 4th quarter. Dakota Wealth Management now owns 76,391 shares of the home improvement retailer’s stock worth $29,715,000 after buying an additional 9,403 shares during the period. XML Financial LLC boosted its holdings in shares of Home Depot by 1.1% during the 4th quarter. XML Financial LLC now owns 7,282 shares of the home improvement retailer’s stock worth $2,833,000 after buying an additional 76 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Home Depot by 16.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 354,322 shares of the home improvement retailer’s stock valued at $137,828,000 after purchasing an additional 48,939 shares during the period. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on HD. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. Stifel Nicolaus increased their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. TD Cowen increased their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Piper Sandler increased their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the company’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 of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last 90 days. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 1.1 %

Shares of NYSE:HD opened at $414.46 on Friday. The company has a 50 day moving average of $406.83 and a 200-day moving average of $389.47. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market cap of $411.71 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 4.41 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.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the firm earned $3.81 EPS. Home Depot’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s payout ratio is 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.