The Home Depot, Inc. (NYSE:HD) Shares Sold by Bank OZK

Bank OZK reduced its stake in The Home Depot, Inc. (NYSE:HD) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,169 shares of the home improvement retailer’s stock after selling 132 shares during the quarter. Bank OZK’s holdings in Home Depot were worth $1,791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Keener Financial Planning LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC grew its holdings in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the period. Gilfoyle & Co LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $35,000. Briaud Financial Planning Inc purchased a new stake in shares of Home Depot in the third quarter valued at about $41,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Home Depot in the third quarter valued at about $64,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Mizuho assumed coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. Truist Financial reissued a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a report on Wednesday, April 17th. HSBC reaffirmed a “reduce” rating and set a $323.00 target price on shares of Home Depot in a research note on Wednesday, April 3rd. DA Davidson reaffirmed a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research note on Monday, April 1st. Finally, StockNews.com raised shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Up 0.9 %

Shares of NYSE HD traded up $3.11 during midday trading on Friday, hitting $335.09. 2,465,262 shares of the company’s stock were exchanged, compared to its average volume of 3,779,238. The firm’s fifty day simple moving average is $364.77 and its 200-day simple moving average is $340.68. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company has a market cap of $332.08 billion, a PE ratio of 22.19, a P/E/G ratio of 2.21 and a beta of 0.98. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the previous year, the firm earned $3.30 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. Home Depot’s dividend payout ratio is presently 59.60%.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Company 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.