Hoxton Planning & Management LLC Has $613,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Hoxton Planning & Management LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,768 shares of the home improvement retailer’s stock after selling 156 shares during the quarter. Hoxton Planning & Management LLC’s holdings in Home Depot were worth $613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairfield Bush & CO. acquired a new position in Home Depot in the first quarter valued at approximately $27,000. KB Financial Partners LLC bought a new stake in shares of Home Depot in the 1st quarter valued at $28,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot in the 4th quarter valued at $31,000. PFG Private Wealth Management LLC lifted its position in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the period. Finally, Studio Investment Management LLC acquired a new stake in Home Depot in the fourth quarter worth $32,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HD shares. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. Guggenheim restated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. Wedbush upped their target price on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Finally, Evercore ISI lifted their price target on shares of Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $376.35.

Home Depot Trading Down 1.4 %

NYSE:HD opened at $337.93 on Tuesday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The firm’s 50 day moving average is $369.56 and its 200 day moving average is $338.82. The stock has a market capitalization of $334.90 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.30 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now directly 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. 0.10% of the stock is owned by insiders.

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.