Hantz Financial Services Inc. Has $22.62 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Hantz Financial Services Inc. cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,152 shares of the home improvement retailer's stock after selling 3,299 shares during the quarter. Hantz Financial Services Inc.'s holdings in Home Depot were worth $22,621,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quarry LP lifted its stake in Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after buying an additional 36 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the second quarter worth $47,000. Anchor Investment Management LLC lifted its position in Home Depot by 1.1% in the 2nd quarter. Anchor Investment Management LLC now owns 19,965 shares of the home improvement retailer's stock valued at $6,873,000 after acquiring an additional 223 shares in the last quarter. Ashburton Jersey Ltd acquired a new position in Home Depot in the 2nd quarter worth $8,450,000. Finally, Mattson Financial Services LLC bought a new position in Home Depot during the 2nd quarter worth about $1,382,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last three months. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. Truist Financial boosted their price target on Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Mizuho boosted their target price on Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Bank of America raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Finally, Morgan Stanley raised their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Price Performance

Shares of NYSE:HD traded down $2.64 during trading on Friday, reaching $411.86. 2,761,013 shares of the company traded hands, compared to its average volume of 2,883,614. The firm has a market capitalization of $409.13 billion, a PE ratio of 27.98, a PEG ratio of 4.35 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company's 50 day moving average is $407.86 and its two-hundred day moving average is $392.46.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $39.31 billion. During the same quarter in the prior year, the business posted $3.81 earnings per share. Home Depot's revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. Home Depot's dividend payout ratio (DPR) is 61.14%.

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.