Vestor Capital LLC Sells 17,052 Shares of The Home Depot, Inc. (NYSE:HD)

Vestor Capital LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 52.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,423 shares of the home improvement retailer's stock after selling 17,052 shares during the quarter. Vestor Capital LLC's holdings in Home Depot were worth $5,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new position in Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot in the 4th quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the 4th quarter valued at $32,000. NewSquare Capital LLC increased its holdings in shares of Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after purchasing an additional 68 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the third quarter worth $41,000. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial lowered their price target on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Robert W. Baird dropped their target price on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Piper Sandler cut their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Guggenheim restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $435.85.

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Home Depot Stock Performance

HD stock traded down $2.87 on Tuesday, hitting $360.90. The company had a trading volume of 2,799,540 shares, compared to its average volume of 3,217,302. 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 12-month low of $323.77 and a 12-month high of $439.37. The stock has a market cap of $358.50 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 4.03 and a beta of 1.09. The stock's 50-day simple moving average is $393.46 and its 200 day simple moving average is $399.16.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The business's quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.55%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot's dividend payout ratio is 61.66%.

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.