The Home Depot, Inc. (NYSE:HD) Shares Sold by Scott & Selber Inc.

Scott & Selber Inc. cut its stake in The Home Depot, Inc. (NYSE:HD) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,630 shares of the home improvement retailer’s stock after selling 187 shares during the period. Home Depot accounts for about 2.0% of Scott & Selber Inc.’s portfolio, making the stock its 7th largest position. Scott & Selber Inc.’s holdings in Home Depot were worth $5,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HD. Caliber Wealth Management LLC lifted its stake in Home Depot by 6.6% during the 3rd quarter. Caliber Wealth Management LLC now owns 7,400 shares of the home improvement retailer’s stock valued at $2,236,000 after acquiring an additional 459 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Home Depot during the 3rd quarter valued at approximately $521,000. Harbor Investment Advisory LLC increased its holdings in shares of Home Depot by 6.2% during the 3rd quarter. Harbor Investment Advisory LLC now owns 14,133 shares of the home improvement retailer’s stock valued at $4,270,000 after purchasing an additional 819 shares in the last quarter. Scharf Investments LLC increased its holdings in shares of Home Depot by 1.4% during the 3rd quarter. Scharf Investments LLC now owns 3,785 shares of the home improvement retailer’s stock valued at $1,144,000 after purchasing an additional 52 shares in the last quarter. Finally, OneAscent Financial Services LLC purchased a new position in shares of Home Depot during the 3rd quarter valued at approximately $683,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business’s 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 completion of the transaction, the chief executive officer now directly 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. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

HD stock opened at $336.11 on Tuesday. The company has a market capitalization of $333.09 billion, a P/E ratio of 22.25, a PEG ratio of 2.23 and a beta of 0.98. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The business has a 50 day simple moving average of $366.77 and a 200-day simple moving average of $340.19. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.68%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $325.00 to $372.00 in a report on Thursday, January 4th. Truist Financial reissued a “buy” rating and issued a $417.00 price target on shares of Home Depot in a report on Wednesday, April 17th. Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 target price on shares of Home Depot in a report on Wednesday, February 14th. Bank of America upped their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, TD Cowen upped their target price on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

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.