McCarthy & Cox Has $202,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

McCarthy & Cox decreased its position in The Home Depot, Inc. (NYSE:HD) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 553 shares of the home improvement retailer’s stock after selling 78 shares during the period. McCarthy & Cox’s holdings in Home Depot were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. acquired a new position in Home Depot in the fourth quarter valued at about $28,000. Navigoe LLC bought a new position in Home Depot during the 4th quarter worth approximately $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $32,000. Quarry LP increased its stake in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares in the last quarter. Finally, Sellwood Investment Partners LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $39,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HD shares. Jefferies Financial Group decreased their price target on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. TD Securities cut Home Depot to a “buy” rating in a research note on Monday, June 2nd. Truist Financial raised their price target on Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Mizuho decreased their price objective on Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company lowered their target price on Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Price Performance

NYSE:HD opened at $367.45 on Monday. The stock has a market capitalization of $365.59 billion, a PE ratio of 24.96, a P/E/G ratio of 4.03 and a beta of 1.02. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The firm has a fifty day simple moving average of $361.63 and a 200 day simple moving average of $384.44. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $3.63 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.50%. Home Depot’s dividend payout ratio is 62.42%.

Insider Activity

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. 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.