Frazier Financial Advisors LLC Sells 48 Shares of The Home Depot, Inc. (NYSE:HD)

Frazier Financial Advisors LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,226 shares of the home improvement retailer’s stock after selling 48 shares during the period. Home Depot makes up 0.4% of Frazier Financial Advisors LLC’s investment portfolio, making the stock its 27th largest position. Frazier Financial Advisors LLC’s holdings in Home Depot were worth $497,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Home Depot in the 2nd quarter worth about $25,000. Kings Path Partners LLC purchased a new position in Home Depot in the 2nd quarter worth about $33,000. Denver PWM LLC purchased a new position in Home Depot in the 2nd quarter worth about $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot in the 3rd quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Home Depot in the 2nd quarter worth about $47,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Mizuho boosted their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial upped their price target on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Price Performance

HD stock opened at $408.18 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $405.44 billion, a PE ratio of 27.73, a P/E/G ratio of 2.84 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $302.34 and a 12-month high of $421.56. The business’s fifty day moving average price is $399.51 and its 200 day moving average price is $366.56.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the business earned $3.81 EPS. Home Depot’s revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s 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.