Consolidated Portfolio Review Corp Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

Consolidated Portfolio Review Corp reduced its position in The Home Depot, Inc. (NYSE:HD) by 14.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,419 shares of the home improvement retailer’s stock after selling 562 shares during the period. Consolidated Portfolio Review Corp’s holdings in Home Depot were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Fairfield Bush & CO. purchased a new stake in Home Depot in the first quarter worth about $27,000. KB Financial Partners LLC purchased a new position in Home Depot during the first quarter valued at approximately $28,000. Keener Financial Planning LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $31,000. PFG Private Wealth Management LLC increased its stake in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Studio Investment Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $32,000. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on HD shares. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $325.00 to $372.00 in a research report on Thursday, January 4th. Truist Financial upped their price target on Home Depot from $386.00 to $417.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. DA Davidson reiterated a “neutral” rating and issued a $370.00 price target on shares of Home Depot in a research note on Monday, April 1st. Finally, Telsey Advisory Group raised their price objective on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $376.35.

Home Depot Trading Down 1.3 %

NYSE HD opened at $342.87 on Monday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The company’s 50-day simple moving average is $369.91 and its two-hundred day simple moving average is $338.58. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a market capitalization of $339.79 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.30 earnings per share. Equities analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

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.