The Home Depot, Inc. (NYSE:HD) Shares Sold by Calton & Associates Inc.

Calton & Associates Inc. reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,550 shares of the home improvement retailer’s stock after selling 543 shares during the period. Home Depot comprises 1.2% of Calton & Associates Inc.’s portfolio, making the stock its 17th largest position. Calton & Associates Inc.’s holdings in Home Depot were worth $2,513,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Capital Asset Advisory Services LLC increased its stake in shares of Home Depot by 3.9% in the first quarter. Capital Asset Advisory Services LLC now owns 16,074 shares of the home improvement retailer’s stock worth $5,752,000 after buying an additional 607 shares during the last quarter. Howard Financial Services LTD. increased its stake in shares of Home Depot by 12.2% in the first quarter. Howard Financial Services LTD. now owns 1,485 shares of the home improvement retailer’s stock worth $570,000 after buying an additional 162 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Home Depot by 6.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 10,079 shares of the home improvement retailer’s stock worth $3,866,000 after buying an additional 605 shares during the last quarter. Baugh & Associates LLC increased its stake in shares of Home Depot by 0.6% in the first quarter. Baugh & Associates LLC now owns 25,689 shares of the home improvement retailer’s stock worth $9,854,000 after buying an additional 160 shares during the last quarter. Finally, Dohj LLC increased its stake in shares of Home Depot by 6.5% in the first quarter. Dohj LLC now owns 4,527 shares of the home improvement retailer’s stock worth $1,737,000 after buying an additional 278 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

HD stock traded up $2.85 during trading on Friday, hitting $344.34. The company had a trading volume of 6,343,987 shares, compared to its average volume of 3,465,830. The firm has a market capitalization of $341.45 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.36 and a beta of 1.00. The business has a 50 day moving average of $338.51 and a 200 day moving average of $352.60. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the prior year, the company earned $3.82 EPS. Home Depot’s revenue was down 2.3% on a year-over-year basis. As a group, research analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Truist Financial lowered their target price on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Bank of America boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Citigroup lowered their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $378.42.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.