The Home Depot, Inc. (NYSE:HD) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG lowered its position in The Home Depot, Inc. (NYSE:HD) by 13.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 162,610 shares of the home improvement retailer’s stock after selling 25,003 shares during the quarter. Flossbach Von Storch AG’s holdings in Home Depot were worth $56,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HD. Keener Financial Planning LLC acquired a new position in shares of Home Depot during the fourth quarter valued at approximately $31,000. Fairfield Bush & CO. acquired a new position in shares of Home Depot during the first quarter valued at approximately $27,000. PFG Private Wealth Management LLC increased its stake in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the period. KB Financial Partners LLC acquired a new position in shares of Home Depot during the first quarter valued at approximately $28,000. Finally, Gilfoyle & Co LLC acquired a new position in shares of Home Depot during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of several recent research reports. Robert W. Baird restated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Guggenheim restated a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Wells Fargo & Company lifted their price target on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $325.00 to $372.00 in a research report on Thursday, January 4th. Finally, Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their price target for the stock 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, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $375.96.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated 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 sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot Stock Up 0.0 %

Home Depot stock opened at $332.89 on Friday. The firm’s fifty day simple moving average is $367.92 and its 200-day simple moving average is $338.97. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The company has a market capitalization of $329.90 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the previous year, the firm posted $3.30 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts forecast that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is 59.60%.

Home Depot 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.