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

Koa Wealth Management LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,810 shares of the home improvement retailer’s stock after selling 116 shares during the period. Home Depot accounts for approximately 1.5% of Koa Wealth Management LLC’s holdings, making the stock its 24th biggest position. Koa Wealth Management LLC’s holdings in Home Depot were worth $1,949,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HD. Fairway Wealth LLC bought a new stake in Home Depot in the second quarter worth about $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $33,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the third quarter valued at approximately $46,000. Denver PWM LLC bought a new stake in Home Depot during the second quarter worth approximately $40,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $408.25 on Friday. The Home Depot, Inc. has a 1 year low of $302.34 and a 1 year high of $421.56. The firm has a market capitalization of $405.51 billion, a PE ratio of 27.73, a PEG ratio of 2.83 and a beta of 1.01. The firm’s fifty day simple moving average is $399.51 and its 200 day simple moving average is $366.34. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the firm posted $3.81 earnings per share. Home Depot’s revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.06 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, November 27th. Home Depot’s payout ratio is presently 61.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HD. Evercore ISI boosted their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday. Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada raised their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Oppenheimer upped their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling

In other news, 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 transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

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.