Doliver Advisors LP Sells 87 Shares of The Home Depot, Inc. (NYSE:HD)

Doliver Advisors LP reduced its stake in The Home Depot, Inc. (NYSE:HD) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,151 shares of the home improvement retailer’s stock after selling 87 shares during the period. Doliver Advisors LP’s holdings in Home Depot were worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Bare Financial Services Inc bought a new stake in Home Depot during the 4th quarter worth approximately $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot during the 4th quarter worth $27,000. Keener Financial Planning LLC acquired a new position in Home Depot during the 4th quarter worth $31,000. PFG Private Wealth Management LLC lifted its holdings in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot during the 4th quarter worth $35,000. 70.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Truist Financial reduced their price objective on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a research note on Friday, May 10th. TD Cowen cut their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Citigroup cut their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Finally, Guggenheim reissued a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $377.46.

Home Depot Price Performance

Shares of NYSE HD traded down $4.92 during midday trading on Monday, reaching $350.88. The company’s stock had a trading volume of 4,145,845 shares, compared to its average volume of 3,435,198. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The business’s 50 day moving average price is $337.91 and its two-hundred day moving average price is $352.58. The company has a market cap of $347.94 billion, a P/E ratio of 23.53, a P/E/G ratio of 2.44 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted $3.82 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.56%. Home Depot’s payout ratio is presently 60.36%.

About Home Depot

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.