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

Posted by on Apr 11th, 2023

Foster Victor Wealth Advisors LLC lowered its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,590 shares of the home improvement retailer’s stock after selling 52 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Home Depot were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC lifted its holdings in shares of Home Depot by 4.1% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $437,000 after acquiring an additional 63 shares in the last quarter. Cottage Street Advisors LLC raised its position in Home Depot by 26,657.7% in the fourth quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock valued at $659,000 after purchasing an additional 3,567,063 shares during the period. Sigma Planning Corp lifted its stake in shares of Home Depot by 1.6% during the fourth quarter. Sigma Planning Corp now owns 43,430 shares of the home improvement retailer’s stock worth $13,718,000 after purchasing an additional 672 shares in the last quarter. West Branch Capital LLC boosted its position in shares of Home Depot by 0.4% in the third quarter. West Branch Capital LLC now owns 10,863 shares of the home improvement retailer’s stock worth $2,998,000 after buying an additional 41 shares during the period. Finally, Bell & Brown Wealth Advisors LLC grew its stake in shares of Home Depot by 3.3% in the third quarter. Bell & Brown Wealth Advisors LLC now owns 7,824 shares of the home improvement retailer’s stock valued at $2,159,000 after buying an additional 253 shares in the last quarter. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Robert W. Baird reduced their price target on Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 21st. Cowen reduced their target price on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. Telsey Advisory Group decreased their target price on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a research note on Wednesday, February 22nd. UBS Group dropped their price target on shares of Home Depot from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 22nd. Finally, Cowen decreased their price objective on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, February 22nd. Thirteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $329.89.

Home Depot Stock Performance

Shares of HD opened at $291.17 on Tuesday. 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 Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $347.25. The firm has a fifty day moving average of $300.14 and a 200-day moving average of $304.21. The company has a market cap of $294.86 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $3.26 by $0.04. The firm had revenue of $35.83 billion during 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%. Home Depot’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.21 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.85 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were given a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Wednesday, March 8th. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s payout ratio is 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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