The Home Depot, Inc. (NYSE:HD) Holdings Trimmed by Perissos Private Wealth Management LLC

Perissos Private Wealth Management LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 12.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 677 shares of the home improvement retailer’s stock after selling 98 shares during the quarter. Perissos Private Wealth Management LLC’s holdings in Home Depot were worth $263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Certuity LLC grew its position in Home Depot by 20.7% in the fourth quarter. Certuity LLC now owns 3,361 shares of the home improvement retailer’s stock worth $1,307,000 after buying an additional 576 shares during the last quarter. Community Financial Services Group LLC boosted its stake in shares of Home Depot by 2.4% during the 4th quarter. Community Financial Services Group LLC now owns 8,339 shares of the home improvement retailer’s stock worth $3,244,000 after acquiring an additional 197 shares in the last quarter. Wealth Advisors Northwest LLC acquired a new position in shares of Home Depot in the 4th quarter worth $224,000. Signet Investment Advisory Group Inc. raised its position in shares of Home Depot by 1.1% during the fourth quarter. Signet Investment Advisory Group Inc. now owns 8,369 shares of the home improvement retailer’s stock worth $3,255,000 after purchasing an additional 92 shares during the period. Finally, David Wealth Management LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at $261,000. 70.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 2.2 %

Home Depot stock opened at $407.20 on Thursday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company’s fifty day moving average price is $405.62 and its two-hundred day moving average price is $395.38. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market capitalization of $404.50 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 4.22 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $39.31 billion. During the same quarter in the prior year, the firm posted $3.81 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

HD has been the topic of a number of analyst reports. Truist Financial lifted their price target on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays boosted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI upped their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley increased their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. 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 currently has a consensus rating of “Moderate Buy” and an average target price of $428.85.

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.