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

LexAurum Advisors LLC lessened its position in The Home Depot, Inc. (NYSE:HD) by 2.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,416 shares of the home improvement retailer’s stock after selling 55 shares during the period. LexAurum Advisors LLC’s holdings in Home Depot were worth $927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. CenterBook Partners LP lifted its stake in shares of Home Depot by 36.1% in the third quarter. CenterBook Partners LP now owns 2,108 shares of the home improvement retailer’s stock valued at $637,000 after purchasing an additional 559 shares during the period. Acadian Asset Management LLC lifted its position in shares of Home Depot by 31.4% during the 3rd quarter. Acadian Asset Management LLC now owns 34,825 shares of the home improvement retailer’s stock valued at $10,515,000 after acquiring an additional 8,312 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in shares of Home Depot by 142.7% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 4,791 shares of the home improvement retailer’s stock worth $1,448,000 after acquiring an additional 2,817 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Home Depot by 3,216.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,740 shares of the home improvement retailer’s stock worth $3,547,000 after acquiring an additional 11,386 shares during the period. Finally, Algert Global LLC purchased a new position in Home Depot in the 3rd quarter valued at approximately $245,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on HD. Raymond James reissued a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Tuesday, May 14th. Guggenheim reaffirmed a “buy” rating and issued a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. Citigroup dropped their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Truist Financial reduced their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $377.46.

Home Depot Price Performance

Home Depot stock opened at $355.80 on Friday. The firm has a fifty day moving average of $337.65 and a 200-day moving average of $352.23. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The firm has a market capitalization of $352.81 billion, a P/E ratio of 23.86, a PEG ratio of 2.44 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.82 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.53%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.