The Home Depot, Inc. (NYSE:HD) Shares Sold by Oak Asset Management LLC

Oak Asset Management LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 9,557 shares of the home improvement retailer’s stock after selling 59 shares during the quarter. Home Depot comprises 1.4% of Oak Asset Management LLC’s portfolio, making the stock its 22nd largest holding. Oak Asset Management LLC’s holdings in Home Depot were worth $3,718,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quantum Financial Advisors LLC raised its holdings in shares of Home Depot by 3.4% during the fourth quarter. Quantum Financial Advisors LLC now owns 1,623 shares of the home improvement retailer’s stock worth $631,000 after purchasing an additional 54 shares during the period. Wallace Advisory Group LLC raised its holdings in shares of Home Depot by 2.2% during the fourth quarter. Wallace Advisory Group LLC now owns 1,417 shares of the home improvement retailer’s stock worth $574,000 after purchasing an additional 31 shares during the period. Mendota Financial Group LLC raised its holdings in shares of Home Depot by 92.0% during the fourth quarter. Mendota Financial Group LLC now owns 482 shares of the home improvement retailer’s stock worth $187,000 after purchasing an additional 231 shares during the period. Tuttle Capital Management LLC raised its holdings in shares of Home Depot by 34.7% during the fourth quarter. Tuttle Capital Management LLC now owns 993 shares of the home improvement retailer’s stock worth $386,000 after purchasing an additional 256 shares during the period. Finally, GSG Advisors LLC raised its holdings in shares of Home Depot by 1.7% during the fourth quarter. GSG Advisors LLC now owns 2,355 shares of the home improvement retailer’s stock worth $916,000 after purchasing an additional 39 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Home Depot stock opened at $392.98 on Wednesday. The firm’s 50 day simple moving average is $405.88 and its 200-day simple moving average is $386.65. The company has a market cap of $390.37 billion, a P/E ratio of 26.70, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. 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 Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

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

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s payout ratio is presently 61.14%.

Analysts Set New Price Targets

HD has been the topic of a number of analyst reports. Guggenheim increased their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Truist Financial increased their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Oppenheimer increased their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Finally, DA Davidson increased their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’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 transaction 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 approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’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 transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

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.