The Home Depot, Inc. (NYSE:HD) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 24.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,273 shares of the home improvement retailer's stock after selling 17,667 shares during the quarter. Tidal Investments LLC's holdings in Home Depot were worth $21,586,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Destination Wealth Management lifted its holdings in Home Depot by 11.9% during the third quarter. Destination Wealth Management now owns 4,616 shares of the home improvement retailer's stock worth $1,870,000 after acquiring an additional 491 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in Home Depot by 80.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 63,324 shares of the home improvement retailer's stock worth $25,659,000 after purchasing an additional 28,208 shares during the period. Arvest Bank Trust Division acquired a new position in shares of Home Depot in the third quarter valued at $840,000. World Investment Advisors LLC grew its stake in Home Depot by 304.8% in the 3rd quarter. World Investment Advisors LLC now owns 50,099 shares of the home improvement retailer's stock valued at $20,300,000 after buying an additional 37,723 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in Home Depot by 13.9% during the third quarter. Sanctuary Advisors LLC now owns 202,609 shares of the home improvement retailer's stock worth $85,096,000 after buying an additional 24,674 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of HD traded down $6.93 during trading hours on Thursday, hitting $414.45. The stock had a trading volume of 3,672,002 shares, compared to its average volume of 3,374,974. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a market capitalization of $411.70 billion, a PE ratio of 28.19, 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 stock has a fifty day moving average price of $411.56 and a 200 day moving average price of $377.09.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. The business 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 revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.81 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

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

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company's stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the 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 completion of the transaction, the executive vice president now directly owns 20,404 shares of the company's stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HD. Wells Fargo & Company boosted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Bank of America boosted their price target on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Truist Financial lifted their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. DA Davidson upped their price target 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. Finally, Gordon Haskett raised shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price objective on the stock in a research note on Wednesday, October 2nd. One research 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 MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $426.00.

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.