Bard Financial Services Inc. Decreases Stake in The Home Depot, Inc. (NYSE:HD)

Bard Financial Services Inc. lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 26.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,219 shares of the home improvement retailer's stock after selling 22,646 shares during the quarter. Home Depot accounts for approximately 3.1% of Bard Financial Services Inc.'s investment portfolio, making the stock its 3rd largest position. Bard Financial Services Inc.'s holdings in Home Depot were worth $26,022,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Home Depot in the second quarter worth approximately $25,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter valued at $33,000. Denver PWM LLC bought a new stake in Home Depot during the second quarter valued at $40,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot during the 3rd quarter worth about $41,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Home Depot in the 3rd quarter worth about $46,000. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated 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 completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot 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 in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last three months. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

Shares of NYSE HD traded down $1.21 during mid-day trading on Wednesday, hitting $421.38. 4,210,021 shares of the company's stock traded hands, compared to its average volume of 3,373,759. The company has a market capitalization of $418.58 billion, a P/E ratio of 28.86, a PEG ratio of 2.98 and a beta of 1.03. 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's 50-day moving average is $411.36 and its two-hundred day moving average is $376.78. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $3.81 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio is currently 61.14%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HD. Barclays raised their price objective on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Gordon Haskett upgraded shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. Evercore ISI upped their target price on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. TD Cowen upped their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Guggenheim boosted their target price on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Company 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.