Beaird Harris Wealth Management LLC Sells 287 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jul 11th, 2023

Beaird Harris Wealth Management LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 22.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,006 shares of the home improvement retailer’s stock after selling 287 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Home Depot were worth $297,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in Home Depot during the fourth quarter valued at $3,740,875,000. Moneta Group Investment Advisors LLC grew its position in shares of Home Depot by 105,205.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after purchasing an additional 10,984,516 shares in the last quarter. Cottage Street Advisors LLC increased its holdings in shares of 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 worth $659,000 after purchasing an additional 3,567,063 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Home Depot by 37.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,176,774 shares of the home improvement retailer’s stock worth $2,582,715,000 after buying an additional 2,247,709 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Home Depot during the first quarter valued at approximately $563,524,000. Hedge funds and other institutional investors own 69.91% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, EVP Hector A. Padilla sold 1,502 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was 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 directly owns 13,958 shares in the company, valued at $4,090,950.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $310.28 on Tuesday. The Home Depot, Inc. has a 12-month low of $265.61 and a 12-month high of $347.25. The firm’s fifty day simple moving average is $297.14 and its two-hundred day simple moving average is $302.30. The company has a current ratio of 1.27, a quick ratio of 0.28 and a debt-to-equity ratio of 113.02. The firm has a market capitalization of $311.95 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.97 and a beta of 0.94.

Home Depot (NYSE:HD – Get Free Report) last released its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.02. The company had revenue of $37.26 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the business earned $4.09 EPS. Analysts forecast that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were given a dividend of $2.09 per share. The ex-dividend date was Wednesday, May 31st. This represents a $8.36 dividend on an annualized basis and a yield of 2.69%. Home Depot’s dividend payout ratio is currently 50.94%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Home Depot from $325.00 to $345.00 in a report on Thursday, June 8th. Wedbush dropped their price objective on shares of Home Depot from $300.00 to $290.00 in a research note on Wednesday, May 17th. Truist Financial decreased their target price on shares of Home Depot from $352.00 to $318.00 in a research report on Wednesday, May 17th. TheStreet cut Home Depot from a “b” rating to a “c+” rating in a research note on Tuesday, May 16th. Finally, Loop Capital raised their price objective on Home Depot from $280.00 to $300.00 in a research note on Wednesday, June 14th. Eleven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.43.

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.