CVA Family Office LLC Cuts Position in The Home Depot, Inc. (NYSE:HD)

CVA Family Office LLC decreased its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,102 shares of the home improvement retailer’s stock after selling 215 shares during the period. CVA Family Office LLC’s holdings in Home Depot were worth $1,075,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. VisionPoint Advisory Group LLC acquired a new stake in Home Depot during the second quarter worth about $26,000. Fairfield Bush & CO. purchased a new stake in shares of Home Depot in the 1st quarter valued at approximately $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $28,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot during the 1st quarter valued at approximately $37,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $390.28 on Monday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The firm has a market capitalization of $386.78 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99. The business’s fifty day moving average price is $366.87 and its 200 day moving average price is $333.43.

Home Depot (NYSE:HDGet Free Report) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $3.30 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.31%. Home Depot’s payout ratio is 59.60%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HD shares. Truist Financial lowered their price objective on Home Depot from $387.00 to $386.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Citigroup increased their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. HSBC lowered shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 price objective on the stock. in a report on Wednesday, February 21st. The Goldman Sachs Group upped their target price on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $311.00 to $400.00 in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $366.76.

Check Out Our Latest Analysis on Home Depot

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Home Depot Profile

(Free Report)

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 d├ęcor 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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