MeadowBrook Investment Advisors LLC Sells 73 Shares of The Home Depot, Inc. (NYSE:HD)

MeadowBrook Investment Advisors LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 3,209 shares of the home improvement retailer’s stock after selling 73 shares during the period. Home Depot makes up 1.1% of MeadowBrook Investment Advisors LLC’s portfolio, making the stock its 24th largest holding. MeadowBrook Investment Advisors LLC’s holdings in Home Depot were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the 4th quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot in the 4th quarter worth $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot in the 3rd quarter worth $46,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 2.2 %

Shares of NYSE:HD opened at $407.20 on Thursday. 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 business has a 50 day simple moving average of $405.62 and a two-hundred day simple moving average of $395.38. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm has a market capitalization of $404.50 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the business earned $3.81 EPS. Home Depot’s revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on HD shares. Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays increased their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday. Evercore ISI lifted their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Truist Financial increased their price objective on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $428.85.

Insider Transactions at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot 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 sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.