B. Riley Wealth Advisors Inc. Sells 10,543 Shares of The Home Depot, Inc. (NYSE:HD)

B. Riley Wealth Advisors Inc. decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,812 shares of the home improvement retailer's stock after selling 10,543 shares during the period. Home Depot comprises about 0.8% of B. Riley Wealth Advisors Inc.'s holdings, making the stock its 16th largest holding. B. Riley Wealth Advisors Inc.'s holdings in Home Depot were worth $27,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot during the second quarter valued at $33,000. Denver PWM LLC acquired a new position in shares of Home Depot during the second quarter worth $40,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the third quarter worth $41,000. Finally, Livelsberger Financial Advisory acquired a new stake in Home Depot in the third quarter valued at $46,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HD shares. Telsey Advisory Group raised shares of Home Depot from a "market perform" rating to an "outperform" rating and increased their target price for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Royal Bank of Canada increased their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research report on Monday, November 11th. Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. DA Davidson increased their price target on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price objective on Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Stock Performance

NYSE:HD traded up $2.56 during trading hours on Friday, reaching $416.98. The stock had a trading volume of 2,649,853 shares, compared to its average volume of 3,372,001. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a 50 day simple moving average of $411.79 and a 200 day simple moving average of $378.33. The stock has a market cap of $414.21 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.93 and a beta of 1.03.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share 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 firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $3.81 earnings per share. On average, research analysts forecast 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 was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Wednesday, November 27th. Home Depot's payout ratio is presently 61.14%.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The stock was 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 owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. Company 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.