The Home Depot, Inc. (NYSE:HD) Shares Sold by Jennison Associates LLC

Jennison Associates LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 8.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,812,663 shares of the home improvement retailer’s stock after selling 177,506 shares during the quarter. Jennison Associates LLC’s holdings in Home Depot were worth $705,108,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the third quarter valued at approximately $41,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $41,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the third quarter worth $46,000. Finally, Finley Financial LLC purchased a new position in shares of Home Depot in the fourth quarter valued at $59,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Home Depot Trading Up 0.7 %

Home Depot stock opened at $411.79 on Wednesday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. 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 firm has a market capitalization of $409.05 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 4.34 and a beta of 1.05. The firm has a 50-day moving average price of $407.47 and a two-hundred day moving average price of $393.07.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the firm posted $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Morgan Stanley boosted their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and raised their price objective for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Truist Financial upped their target price on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada increased their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $426.00.

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.