First Horizon Advisors Inc. Sells 1,875 Shares of The Home Depot, Inc. (NYSE:HD)

First Horizon Advisors Inc. reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,973 shares of the home improvement retailer’s stock after selling 1,875 shares during the quarter. Home Depot accounts for 0.9% of First Horizon Advisors Inc.’s portfolio, making the stock its 23rd biggest holding. First Horizon Advisors Inc.’s holdings in Home Depot were worth $27,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Keener Financial Planning LLC bought a new position in Home Depot in the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC lifted its holdings in Home Depot by 53.3% in the fourth 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. Gilfoyle & Co LLC bought a new position in Home Depot in the fourth quarter valued at about $35,000. Briaud Financial Planning Inc bought a new position in Home Depot in the third quarter valued at about $41,000. Finally, Quantbot Technologies LP bought a new position in Home Depot in the third quarter valued at about $64,000. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. 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 Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s 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 transaction, the executive vice president now 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. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE:HD traded up $1.16 during trading hours on Thursday, reaching $333.13. The stock had a trading volume of 971,816 shares, compared to its average volume of 3,313,344. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a 50 day moving average price of $363.04 and a two-hundred day moving average price of $341.81. The stock has a market capitalization of $330.14 billion, a PE ratio of 22.05, a PEG ratio of 2.23 and a beta of 1.01.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter in the previous year, the company posted $3.30 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.70%. Home Depot’s payout ratio is 59.60%.

Analyst Upgrades and Downgrades

A number of analysts have commented on HD shares. Robert W. Baird restated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. DA Davidson restated a “neutral” rating and issued a $370.00 price target on shares of Home Depot in a research report on Monday, April 1st. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Wells Fargo & Company upped their price target on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.96.

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.