Bay Rivers Group Sells 2,149 Shares of The Home Depot, Inc. (NYSE:HD)

Bay Rivers Group lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 23.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,884 shares of the home improvement retailer's stock after selling 2,149 shares during the quarter. Home Depot accounts for approximately 1.3% of Bay Rivers Group's investment portfolio, making the stock its 28th largest position. Bay Rivers Group's holdings in Home Depot were worth $2,678,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC acquired a new position in Home Depot in the fourth quarter valued at $41,000. Livelsberger Financial Advisory bought a new stake in Home Depot during the third quarter valued at $46,000. Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot during the 2nd quarter worth about $47,000. Finally, Quarry LP raised its position in shares of Home Depot by 36.0% in the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 100 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm'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 completion of the transaction, the executive vice president now owns 77,475 shares of the company's stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Truist Financial raised their target price on Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Morgan Stanley lifted their price objective 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. DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, Evercore ISI upped their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Stock Performance

Shares of NYSE:HD traded up $1.14 during midday trading on Thursday, reaching $414.56. The company had a trading volume of 3,080,038 shares, compared to its average volume of 3,196,907. The stock has a market cap of $411.81 billion, a P/E ratio of 28.16, a P/E/G ratio of 4.32 and a beta of 1.05. The company's 50 day moving average price is $407.93 and its 200 day moving average price is $391.93. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

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

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. Home Depot's dividend payout ratio is presently 61.14%.

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.