Rise Advisors LLC Sells 153 Shares of The Home Depot, Inc. (NYSE:HD)

Rise Advisors LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,094 shares of the home improvement retailer’s stock after selling 153 shares during the period. Rise Advisors LLC’s holdings in Home Depot were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Lantz Financial LLC lifted its stake in shares of Home Depot by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock valued at $2,069,000 after purchasing an additional 89 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in Home Depot by 17,262.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 383,717 shares of the home improvement retailer’s stock valued at $1,321,000 after buying an additional 381,507 shares during the period. Acadian Asset Management LLC boosted its stake in Home Depot by 10.4% during the second quarter. Acadian Asset Management LLC now owns 73,117 shares of the home improvement retailer’s stock worth $25,162,000 after buying an additional 6,860 shares during the period. Ausdal Financial Partners Inc. boosted its stake in Home Depot by 4.9% during the second quarter. Ausdal Financial Partners Inc. now owns 3,481 shares of the home improvement retailer’s stock worth $1,198,000 after buying an additional 164 shares during the period. Finally, Adapt Wealth Advisors LLC increased its position in Home Depot by 43.9% during the second quarter. Adapt Wealth Advisors LLC now owns 905 shares of the home improvement retailer’s stock valued at $312,000 after acquiring an additional 276 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Mizuho increased their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, Morgan Stanley boosted their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Performance

Shares of NYSE:HD traded down $3.82 during trading on Tuesday, hitting $385.55. 979,174 shares of the stock traded hands, compared to its average volume of 2,218,849. The company has a fifty day moving average price of $406.66 and a two-hundred day moving average price of $384.83. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a market cap of $382.99 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 2.90 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the firm posted $3.81 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.33%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is currently 61.14%.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 12,465 shares in the company, 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 hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade 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 worth $15,624,585 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

About Home Depot

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.