Huntleigh Advisors Inc. Sells 132 Shares of The Home Depot, Inc. (NYSE:HD)

by · The Cerbat Gem

Huntleigh Advisors Inc. cut its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,346 shares of the home improvement retailer’s stock after selling 132 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Home Depot were worth $1,226,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HD. Brighton Jones LLC increased its stake in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG increased its stake in Home Depot by 4.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after purchasing an additional 565 shares during the period. Cookson Peirce & Co. Inc. purchased a new stake in Home Depot in the fourth quarter worth $216,000. NewSquare Capital LLC increased its stake in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after purchasing an additional 68 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Home Depot by 28.4% during the fourth quarter. Assetmark Inc. now owns 47,945 shares of the home improvement retailer’s stock valued at $18,650,000 after buying an additional 10,594 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares of the company’s stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of several research reports. Truist Financial raised their price target on Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. DA Davidson cut their price target on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Royal Bank Of Canada cut their price target on Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 15th. Jefferies Financial Group cut their price target on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an “overweight” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $426.77.

View Our Latest Report on HD

Home Depot Trading Down 0.1%

Home Depot stock opened at $371.36 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a market capitalization of $369.47 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. The stock has a 50-day moving average price of $364.86 and a 200 day moving average price of $376.59.

Home Depot (NYSE:HD – Get Free Report) last released its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the firm earned $3.63 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot’s payout ratio is presently 62.42%.

Home Depot Company Profile

(Free Report)

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.

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