Transamerica Financial Advisors Inc. Cuts Position in The Home Depot, Inc. (NYSE:HD)

Transamerica Financial Advisors Inc. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,291 shares of the home improvement retailer's stock after selling 727 shares during the quarter. Transamerica Financial Advisors Inc.'s holdings in Home Depot were worth $5,948,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hobbs Group Advisors LLC grew its stake in shares of Home Depot by 7.5% in the fourth quarter. Hobbs Group Advisors LLC now owns 1,205 shares of the home improvement retailer's stock worth $469,000 after acquiring an additional 84 shares in the last quarter. Allstate Corp boosted its holdings in Home Depot by 3,225.6% in the fourth quarter. Allstate Corp now owns 29,498 shares of the home improvement retailer's stock valued at $11,474,000 after purchasing an additional 28,611 shares during the period. Brown Brothers Harriman & Co. grew its stake in Home Depot by 1.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 36,447 shares of the home improvement retailer's stock worth $14,178,000 after purchasing an additional 626 shares in the last quarter. RiverFront Investment Group LLC increased its holdings in Home Depot by 3.7% during the 4th quarter. RiverFront Investment Group LLC now owns 3,758 shares of the home improvement retailer's stock worth $1,462,000 after purchasing an additional 135 shares during the period. Finally, Horizon Investment Services LLC acquired a new stake in Home Depot in the 4th quarter valued at about $247,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

HD has been the subject of a number of analyst reports. Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Wells Fargo & Company raised their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Truist Financial cut their price target on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Stock Performance

HD traded up $8.80 on Monday, hitting $366.95. 2,268,344 shares of the company traded hands, compared to its average volume of 3,446,150. The company has a 50 day moving average of $389.98 and a 200-day moving average of $398.99. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The stock has a market capitalization of $364.76 billion, a PE ratio of 24.94, a PEG ratio of 4.03 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the company earned $2.82 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $2.30 per share. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio is currently 61.66%.

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.