The Home Depot, Inc. (NYSE:HD) Shares Sold by Washburn Capital Management Inc.

Washburn Capital Management Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 16.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,242 shares of the home improvement retailer’s stock after selling 1,065 shares during the quarter. Home Depot accounts for 1.0% of Washburn Capital Management Inc.’s portfolio, making the stock its 18th largest position. Washburn Capital Management Inc.’s holdings in Home Depot were worth $1,569,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Rinkey Investments purchased a new stake in Home Depot during the 4th quarter valued at about $25,000. Shore Point Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter worth about $26,000. Tobam purchased a new stake in shares of Home Depot in the first quarter worth about $27,000. Fairfield Bush & CO. purchased a new stake in shares of Home Depot in the first quarter worth about $27,000. Finally, Barnett & Company Inc. boosted its stake in shares of Home Depot by 173.1% in the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Wedbush lowered their target price on Home Depot from $340.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 18th. MKM Partners initiated coverage on Home Depot in a research note on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 target price on the stock. Piper Sandler upped their target price on Home Depot from $310.00 to $321.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 18th. Guggenheim lowered their target price on Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Finally, Citigroup increased their price target on Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $368.45.

Insider Activity at Home Depot

In related news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Home Depot news, Director Becker Caryn Seidman acquired 1,500 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $431,595. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hector A. Padilla sold 136 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the transaction, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $309.69 on Friday. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $420.61. The stock has a market capitalization of $318.29 billion, a P/E ratio of 19.66, a PEG ratio of 2.00 and a beta of 0.99. The business has a 50 day simple moving average of $290.90 and a two-hundred day simple moving average of $310.73.

Home Depot (NYSE:HDGet Rating) last posted its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.67 by $0.42. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The firm had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. During the same quarter last year, the firm earned $3.86 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that The Home Depot, Inc. will post 16.43 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 annualized dividend and a dividend yield of 2.45%. Home Depot’s dividend payout ratio is presently 48.25%.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

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

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