Capital Square LLC Decreases Stake in The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jul 9th, 2023

Capital Square LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 18.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,166 shares of the home improvement retailer’s stock after selling 1,799 shares during the period. Home Depot makes up about 2.2% of Capital Square LLC’s holdings, making the stock its 7th biggest position. Capital Square LLC’s holdings in Home Depot were worth $2,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Willis Investment Counsel increased its holdings in shares of Home Depot by 0.4% in the 1st quarter. Willis Investment Counsel now owns 98,795 shares of the home improvement retailer’s stock worth $29,156,000 after buying an additional 433 shares during the last quarter. Cottage Street Advisors LLC increased its holdings in shares of Home Depot by 26,657.7% in the 4th quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock worth $659,000 after buying an additional 3,567,063 shares during the last quarter. Sigma Planning Corp increased its holdings in shares of Home Depot by 1.6% in the 4th quarter. Sigma Planning Corp now owns 43,430 shares of the home improvement retailer’s stock worth $13,718,000 after buying an additional 672 shares during the last quarter. Howard Financial Services LTD. increased its holdings in shares of Home Depot by 7.2% in the 1st quarter. Howard Financial Services LTD. now owns 727 shares of the home improvement retailer’s stock worth $215,000 after buying an additional 49 shares during the last quarter. Finally, Legacy Bridge LLC boosted its stake in shares of Home Depot by 1.8% in the 4th quarter. Legacy Bridge LLC now owns 5,213 shares of the home improvement retailer’s stock valued at $1,647,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 69.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HD shares. Wedbush cut their price objective on shares of Home Depot from $300.00 to $290.00 in a research note on Wednesday, May 17th. The Goldman Sachs Group cut their price objective on shares of Home Depot from $340.00 to $330.00 in a research note on Tuesday, May 16th. Credit Suisse Group cut their price objective on shares of Home Depot from $320.00 to $310.00 in a research note on Wednesday, May 17th. 92 Resources reaffirmed a “maintains” rating on shares of Home Depot in a research note on Wednesday, May 17th. Finally, Truist Financial cut their price objective on shares of Home Depot from $352.00 to $318.00 in a research note on Wednesday, May 17th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.43.

Home Depot Stock Up 0.3 %

Shares of Home Depot stock opened at $302.81 on Friday. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28. The company has a 50-day moving average of $296.89 and a 200 day moving average of $302.46. The firm has a market cap of $304.44 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.97 and a beta of 0.94. The Home Depot, Inc. has a 1 year low of $265.61 and a 1 year high of $347.25.

Home Depot (NYSE:HD – Free Report) last issued 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. The company had revenue of $37.26 billion during the quarter, compared to analyst estimates of $38.35 billion. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. Home Depot’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business earned $4.09 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 14.97 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $2.09 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 dividend on an annualized basis and a yield of 2.76%. Home Depot’s dividend payout ratio is currently 50.94%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total transaction of $440,221.18. Following the completion of the sale, the executive vice president now directly owns 13,958 shares in the company, valued at approximately $4,090,950.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

About Home Depot

(Free Report)

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.