The Home Depot, Inc. (NYSE:HD) Stock Holdings Cut by Bard Financial Services Inc.

Bard Financial Services Inc. lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,575 shares of the home improvement retailer’s stock after selling 625 shares during the quarter. Home Depot makes up 2.0% of Bard Financial Services Inc.’s holdings, making the stock its 10th largest position. Bard Financial Services Inc.’s holdings in Home Depot were worth $25,962,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HD. Willis Investment Counsel lifted its position in shares of Home Depot by 0.4% in the first quarter. Willis Investment Counsel now owns 98,795 shares of the home improvement retailer’s stock valued at $29,156,000 after acquiring an additional 433 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Home Depot in the first quarter valued at approximately $1,332,000. Howard Financial Services LTD. lifted its position in shares of Home Depot by 7.2% in the first quarter. Howard Financial Services LTD. now owns 727 shares of the home improvement retailer’s stock valued at $215,000 after acquiring an additional 49 shares in the last quarter. Value Partners Investments Inc. lifted its position in shares of Home Depot by 20.2% in the first quarter. Value Partners Investments Inc. now owns 132,439 shares of the home improvement retailer’s stock valued at $39,081,000 after acquiring an additional 22,217 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Home Depot by 3.0% in the first quarter. CWM LLC now owns 101,411 shares of the home improvement retailer’s stock valued at $29,928,000 after acquiring an additional 2,984 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, CAO Kimberly R. Scardino sold 1,600 shares of Home Depot stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total transaction of $522,704.00. Following the completion of the sale, the chief accounting officer now directly owns 8,281 shares of the company’s stock, valued at approximately $2,705,319.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 12,120 shares of Home Depot stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $325.40, for a total transaction of $3,943,848.00. Following the completion of the sale, the executive vice president now directly owns 73,049 shares of the company’s stock, valued at approximately $23,770,144.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kimberly R. Scardino sold 1,600 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $326.69, for a total value of $522,704.00. Following the completion of the sale, the chief accounting officer now directly owns 8,281 shares of the company’s stock, valued at $2,705,319.89. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,811 shares of company stock worth $6,441,376. Company insiders own 0.19% of the company’s stock.

Home Depot Trading Down 1.3 %

NYSE:HD opened at $317.26 on Tuesday. The firm has a market cap of $317.28 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 2.28 and a beta of 0.95. The stock has a fifty day moving average price of $325.92 and a 200 day moving average price of $305.38. The Home Depot, Inc. has a 12-month low of $265.61 and a 12-month high of $347.25. The company has a current ratio of 1.31, a quick ratio of 0.35 and a debt-to-equity ratio of 30.53.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 15th. The home improvement retailer reported $4.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.20. The firm had revenue of $42.92 billion during the quarter, compared to analyst estimates of $42.19 billion. Home Depot had a return on equity of 1,424.89% and a net margin of 10.48%. Home Depot’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $5.05 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.24 earnings per share for the current fiscal year.

Home Depot announced that its board has authorized a stock buyback plan on Tuesday, August 15th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were issued a $2.09 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $8.36 dividend on an annualized basis and a yield of 2.64%. Home Depot’s dividend payout ratio (DPR) is presently 52.22%.

Analysts Set New Price Targets

A number of equities analysts recently commented on HD shares. Wells Fargo & Company lifted their price objective on Home Depot from $345.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Truist Financial lifted their price objective on Home Depot from $348.00 to $372.00 and gave the stock a “buy” rating in a research report on Wednesday, August 16th. DA Davidson lifted their price objective on Home Depot from $290.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 16th. Guggenheim lifted their price objective on Home Depot from $320.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Home Depot from $321.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. Thirteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $339.62.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. 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.