180 Wealth Advisors LLC Reduces Position in The Home Depot, Inc. (NYSE:HD)

180 Wealth Advisors LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,805 shares of the home improvement retailer’s stock after selling 74 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Home Depot were worth $2,227,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HD. Bare Financial Services Inc purchased a new stake in shares of Home Depot in the fourth quarter valued at about $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot during the fourth quarter worth about $27,000. Keener Financial Planning LLC purchased a new position in Home Depot during the fourth quarter worth about $31,000. PFG Private Wealth Management LLC boosted its stake in Home Depot by 53.3% during the fourth 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 during the period. Finally, Gilfoyle & Co LLC purchased a new position in Home Depot during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.1 %

NYSE HD traded down $0.33 during trading on Thursday, reaching $341.49. 2,688,313 shares of the company’s stock were exchanged, compared to its average volume of 3,442,506. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market capitalization of $338.62 billion, a PE ratio of 22.90, a P/E/G ratio of 2.34 and a beta of 1.00. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The company’s fifty day simple moving average is $338.15 and its 200-day simple moving average is $352.59.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.64%. Home Depot’s dividend payout ratio is 60.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HD. Truist Financial reduced their price target on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. UBS Group reduced their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Wells Fargo & Company reduced their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Finally, Citigroup reduced their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.