The Home Depot, Inc. (NYSE:HD) Shares Sold by TCW Group Inc.

TCW Group Inc. decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,732 shares of the home improvement retailer’s stock after selling 26,320 shares during the quarter. Home Depot comprises 1.2% of TCW Group Inc.’s holdings, making the stock its 20th biggest position. TCW Group Inc.’s holdings in Home Depot were worth $108,390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of HD. DORVAL Corp purchased a new stake in Home Depot during the fourth quarter worth $264,000. SageView Advisory Group LLC increased its position in Home Depot by 28.4% during the fourth quarter. SageView Advisory Group LLC now owns 25,312 shares of the home improvement retailer’s stock worth $9,039,000 after purchasing an additional 5,600 shares during the last quarter. FineMark National Bank & Trust increased its position in Home Depot by 0.7% during the fourth quarter. FineMark National Bank & Trust now owns 89,866 shares of the home improvement retailer’s stock worth $31,143,000 after purchasing an additional 618 shares during the last quarter. Hohimer Wealth Management LLC increased its position in shares of Home Depot by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 13,614 shares of the home improvement retailer’s stock valued at $4,718,000 after acquiring an additional 165 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Home Depot by 0.3% during the fourth quarter. US Bancorp DE now owns 1,394,131 shares of the home improvement retailer’s stock valued at $483,140,000 after acquiring an additional 4,368 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD traded down $3.70 on Thursday, reaching $326.89. 3,406,185 shares of the company were exchanged, compared to its average volume of 3,395,617. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm has a market cap of $323.95 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. The company has a 50-day moving average of $352.48 and a 200-day moving average of $347.49.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate of $3.61 by $0.02. The business had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.82 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.31 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, May 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. Truist Financial dropped their price target on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. HSBC dropped their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Finally, UBS Group reduced their price objective on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $377.46.

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.