The Home Depot, Inc. (NYSE:HD) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance cut its position in The Home Depot, Inc. (NYSE:HD) by 3.4% in the third quarter, Holdings Channel reports. The firm owned 105,259 shares of the home improvement retailer’s stock after selling 3,744 shares during the period. Home Depot accounts for approximately 1.6% of Independent Advisor Alliance’s holdings, making the stock its 7th biggest position. Independent Advisor Alliance’s holdings in Home Depot were worth $42,651,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $33,000. Denver PWM LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $40,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot during the 2nd quarter worth approximately $47,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HD. Sanford C. Bernstein began coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. Guggenheim increased their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Evercore ISI increased their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley increased their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $420.00 on Monday. The Home Depot, Inc. has a fifty-two week low of $308.31 and a fifty-two week high of $421.56. The stock has a market cap of $417.21 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 2.92 and a beta of 1.01. The business has a fifty day moving average of $403.23 and a 200-day moving average of $369.25. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the previous year, the business earned $3.81 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.