The Home Depot, Inc. (NYSE:HD) Shares Sold by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 1.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,598 shares of the home improvement retailer’s stock after selling 705 shares during the period. Home Depot accounts for about 2.0% of Matrix Asset Advisors Inc. NY’s holdings, making the stock its 19th biggest holding. Matrix Asset Advisors Inc. NY’s holdings in Home Depot were worth $16,341,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Algert Global LLC acquired a new stake in Home Depot during the third quarter worth about $245,000. Mather Group LLC. boosted its stake in Home Depot by 39.1% during the third quarter. Mather Group LLC. now owns 13,219 shares of the home improvement retailer’s stock worth $3,994,000 after buying an additional 3,717 shares during the period. Valley National Advisers Inc. boosted its stake in Home Depot by 7.5% during the third quarter. Valley National Advisers Inc. now owns 1,134 shares of the home improvement retailer’s stock worth $343,000 after buying an additional 79 shares during the period. Trexquant Investment LP boosted its stake in Home Depot by 300.3% during the third quarter. Trexquant Investment LP now owns 8,371 shares of the home improvement retailer’s stock worth $2,529,000 after buying an additional 6,280 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Home Depot by 71.7% during the third quarter. Tower Research Capital LLC TRC now owns 54,163 shares of the home improvement retailer’s stock worth $16,366,000 after buying an additional 22,621 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction 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 directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $341.49 on Friday. The firm’s fifty day moving average price is $338.15 and its 200 day moving average price is $352.59. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The firm has a market cap of $338.62 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same period last year, the firm posted $3.82 EPS. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.64%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a research note on Friday, April 5th. Bank of America increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Raymond James reissued a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Truist Financial lowered their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Wedbush reissued an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $378.42.

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.