Legacy Wealth Asset Management LLC Cuts Stock Position in The Home Depot, Inc. (NYSE:HD)

Legacy Wealth Asset Management LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,011 shares of the home improvement retailer’s stock after selling 35 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Home Depot were worth $782,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HD. Cowa LLC increased its stake in Home Depot by 2.3% during the 2nd quarter. Cowa LLC now owns 2,630 shares of the home improvement retailer’s stock worth $905,000 after buying an additional 60 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Home Depot by 19.3% during the second quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer’s stock worth $13,121,000 after purchasing an additional 6,163 shares in the last quarter. Brighton Jones LLC raised its stake in Home Depot by 3.4% in the 2nd quarter. Brighton Jones LLC now owns 23,069 shares of the home improvement retailer’s stock valued at $7,941,000 after purchasing an additional 748 shares during the last quarter. EMG Holdings L.P. lifted its holdings in Home Depot by 205.0% in the 2nd quarter. EMG Holdings L.P. now owns 15,750 shares of the home improvement retailer’s stock valued at $5,422,000 after purchasing an additional 30,750 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in Home Depot by 10.6% during the 2nd quarter. Ieq Capital LLC now owns 83,761 shares of the home improvement retailer’s stock worth $28,834,000 after purchasing an additional 8,036 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 over the last 90 days. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

Home Depot stock opened at $409.42 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The firm has a market cap of $406.70 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The company’s 50 day moving average is $406.44 and its two-hundred day moving average is $386.94.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period last year, the firm earned $3.81 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HD shares. Morgan Stanley raised their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Truist Financial boosted their target price on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays increased their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

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.