The Home Depot, Inc. (NYSE:HD) Shares Sold by Smith Anglin Financial LLC

Posted by Defense World Staff on Jun 23rd, 2023

Smith Anglin Financial LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,923 shares of the home improvement retailer’s stock after selling 89 shares during the period. Smith Anglin Financial LLC’s holdings in Home Depot were worth $568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Mutual Advisors LLC raised its stake in Home Depot by 2.2% during the 1st quarter. Mutual Advisors LLC now owns 28,143 shares of the home improvement retailer’s stock valued at $8,305,000 after purchasing an additional 619 shares during the period. MPS Loria Financial Planners LLC raised its stake in Home Depot by 4.9% during the 1st quarter. MPS Loria Financial Planners LLC now owns 2,551 shares of the home improvement retailer’s stock valued at $753,000 after purchasing an additional 120 shares during the period. Orser Capital Management LLC raised its stake in Home Depot by 6.6% during the 1st quarter. Orser Capital Management LLC now owns 10,192 shares of the home improvement retailer’s stock valued at $3,008,000 after purchasing an additional 635 shares during the period. Sage Capital Advisors llc raised its stake in Home Depot by 2.5% during the 1st quarter. Sage Capital Advisors llc now owns 17,182 shares of the home improvement retailer’s stock valued at $5,071,000 after purchasing an additional 423 shares during the period. Finally, Wealth Enhancement & Preservation of GA LLC raised its stake in Home Depot by 3.8% during the 1st quarter. Wealth Enhancement & Preservation of GA LLC now owns 3,497 shares of the home improvement retailer’s stock valued at $1,032,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 69.91% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Loop Capital upped their price target on shares of Home Depot from $280.00 to $300.00 in a research note on Wednesday, June 14th. Sanford C. Bernstein dropped their price target on shares of Home Depot from $333.00 to $314.00 in a research note on Wednesday, May 17th. Morgan Stanley dropped their price target on shares of Home Depot from $340.00 to $320.00 in a research note on Wednesday, May 17th. TheStreet downgraded shares of Home Depot from a “b” rating to a “c+” rating in a research note on Tuesday, May 16th. Finally, Telsey Advisory Group dropped their price target on shares of Home Depot from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 17th. Thirteen analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.43.

Home Depot Stock Performance

NYSE:HD opened at $301.19 on Friday. The Home Depot, Inc. has a 12-month low of $265.61 and a 12-month high of $347.25. The company has a quick ratio of 0.28, a current ratio of 1.27 and a debt-to-equity ratio of 113.02. The firm has a market capitalization of $302.81 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The firm has a 50-day moving average price of $294.48 and a 200 day moving average price of $303.80.

Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.02. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The firm had revenue of $37.26 billion during the quarter, compared to analyst estimates of $38.35 billion. During the same quarter in the prior year, the business posted $4.09 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. Research analysts anticipate that The Home Depot, Inc. will post 14.97 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a $2.09 dividend. This represents a $8.36 annualized dividend and a yield of 2.78%. The ex-dividend date was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is presently 50.94%.

Insider Buying and Selling

In related news, EVP Hector A. Padilla sold 1,502 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value of $440,221.18. Following the completion of the transaction, the executive vice president now owns 13,958 shares of the company’s stock, valued at $4,090,950.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. 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.