CFS Investment Advisory Services LLC Sells 2,313 Shares of The Home Depot, Inc. (NYSE:HD)

CFS Investment Advisory Services LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 45.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,793 shares of the home improvement retailer’s stock after selling 2,313 shares during the period. CFS Investment Advisory Services LLC’s holdings in Home Depot were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of HD. Raymond James Trust N.A. boosted its holdings in shares of Home Depot by 0.7% during the third quarter. Raymond James Trust N.A. now owns 148,540 shares of the home improvement retailer’s stock worth $60,188,000 after acquiring an additional 990 shares during the period. AlphaCore Capital LLC boosted its stake in Home Depot by 5.5% in the 3rd quarter. AlphaCore Capital LLC now owns 8,168 shares of the home improvement retailer’s stock valued at $3,310,000 after purchasing an additional 429 shares during the period. 49 Wealth Management LLC grew its holdings in Home Depot by 15.9% in the 3rd quarter. 49 Wealth Management LLC now owns 1,124 shares of the home improvement retailer’s stock valued at $456,000 after buying an additional 154 shares in the last quarter. Lathrop Investment Management Corp increased its position in Home Depot by 0.4% during the 3rd quarter. Lathrop Investment Management Corp now owns 38,047 shares of the home improvement retailer’s stock worth $15,417,000 after buying an additional 165 shares during the period. Finally, L & S Advisors Inc lifted its holdings in shares of Home Depot by 3.0% during the third quarter. L & S Advisors Inc now owns 7,760 shares of the home improvement retailer’s stock worth $3,144,000 after buying an additional 227 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. Evercore ISI raised their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Piper Sandler lifted their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. UBS Group increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Mizuho upped their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Guggenheim raised their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Performance

NYSE:HD opened at $420.01 on Friday. The stock’s 50-day moving average is $403.23 and its 200-day moving average is $368.84. The stock has a market cap of $417.22 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The Home Depot, Inc. has a 1-year low of $308.31 and a 1-year high of $421.56. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.14%. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 in the last three months. Insiders own 0.10% of the company’s stock.

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.