The Home Depot, Inc. (NYSE:HD) Shares Sold by Alliance Wealth Advisors LLC

Posted by on Apr 2nd, 2023

Alliance Wealth Advisors LLC reduced its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 19.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 876 shares of the home improvement retailer’s stock after selling 215 shares during the period. Alliance Wealth Advisors LLC’s holdings in Home Depot were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Fairfield Bush & CO. purchased a new stake in Home Depot in the 1st quarter worth $27,000. Glassy Mountain Advisors Inc. purchased a new stake in Home Depot in the 4th quarter worth $30,000. First Personal Financial Services increased its holdings in Home Depot by 81.1% in the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 43 shares in the last quarter. Align Wealth Management LLC purchased a new stake in Home Depot in the 4th quarter worth $30,000. Finally, EWG Elevate Inc. purchased a new stake in Home Depot in the 4th quarter worth $36,000. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HD shares. Citigroup cut their price target on shares of Home Depot from $340.00 to $332.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. DA Davidson dropped their target price on shares of Home Depot from $334.00 to $306.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. UBS Group dropped their target price on shares of Home Depot from $350.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Cowen dropped their target price on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Finally, Telsey Advisory Group dropped their target price on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Thirteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $330.61.

Home Depot Stock Up 3.4 %

Shares of HD opened at $295.12 on Friday. The stock has a market capitalization of $299.53 billion, a PE ratio of 17.69, a P/E/G ratio of 1.59 and a beta of 0.93. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $347.25. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41. The company’s 50-day simple moving average is $303.05 and its 200-day simple moving average is $303.27.

Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.04. The business had revenue of $35.83 billion for the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 earnings per share. Analysts forecast that The Home Depot, Inc. will post 15.85 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were given a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Wednesday, March 8th. This is a boost from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s dividend payout ratio is currently 50.12%.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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