The Home Depot, Inc. (NYSE:HD) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 248,197 shares of the home improvement retailer’s stock after selling 1,244 shares during the quarter. Home Depot makes up 3.2% of Sanibel Captiva Trust Company Inc.’s portfolio, making the stock its 5th biggest position. Sanibel Captiva Trust Company Inc.’s holdings in Home Depot were worth $100,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Garner Asset Management Corp acquired a new position in Home Depot in the fourth quarter worth about $139,000. Kestra Advisory Services LLC increased its holdings in shares of Home Depot by 9.0% in the 4th quarter. Kestra Advisory Services LLC now owns 129,766 shares of the home improvement retailer’s stock valued at $44,971,000 after acquiring an additional 10,756 shares during the last quarter. Waverly Advisors LLC raised its position in shares of Home Depot by 20.1% during the 4th quarter. Waverly Advisors LLC now owns 37,110 shares of the home improvement retailer’s stock valued at $12,861,000 after acquiring an additional 6,205 shares in the last quarter. Gibson Capital LLC raised its position in shares of Home Depot by 6.2% during the 4th quarter. Gibson Capital LLC now owns 1,168 shares of the home improvement retailer’s stock valued at $405,000 after acquiring an additional 68 shares in the last quarter. Finally, Orleans Capital Management Corp LA boosted its holdings in Home Depot by 1.2% in the fourth quarter. Orleans Capital Management Corp LA now owns 17,107 shares of the home improvement retailer’s stock worth $5,928,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. Piper Sandler increased their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Stifel Nicolaus lowered their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Oppenheimer upped their target price on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Finally, Jefferies Financial Group began coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $402.38.

Home Depot Trading Up 0.5 %

Shares of Home Depot stock opened at $416.07 on Thursday. The business has a fifty day simple moving average of $375.22 and a 200-day simple moving average of $356.30. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $420.03. The firm has a market cap of $412.58 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the company earned $4.65 EPS. Home Depot’s revenue was up .6% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

About Home Depot

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.