Triad Financial Advisors Inc. Has $951,000 Position in The Home Depot, Inc. (NYSE:HD)

Triad Financial Advisors Inc. reduced its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,445 shares of the home improvement retailer’s stock after selling 270 shares during the period. Home Depot accounts for approximately 0.5% of Triad Financial Advisors Inc.’s investment portfolio, making the stock its 24th biggest holding. Triad Financial Advisors Inc.’s holdings in Home Depot were worth $951,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HD. Renaissance Technologies LLC acquired a new stake in Home Depot during the 1st quarter worth about $563,524,000. Public Investment Fund acquired a new stake in shares of Home Depot in the 2nd quarter valued at about $450,346,000. Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after buying an additional 1,361,660 shares during the period. Barclays PLC grew its stake in shares of Home Depot by 86.8% in the 3rd quarter. Barclays PLC now owns 1,602,423 shares of the home improvement retailer’s stock valued at $442,171,000 after buying an additional 744,712 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Home Depot by 334.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 553,390 shares of the home improvement retailer’s stock valued at $165,646,000 after buying an additional 425,968 shares during the period. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.7 %

HD opened at $317.69 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16. The stock has a market cap of $325.23 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.69 and a beta of 0.95. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $374.67. The company’s 50-day moving average price is $320.86 and its two-hundred day moving average price is $302.94.

Home Depot (NYSE:HDGet Rating) last released its earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $0.13. The firm had revenue of $38.87 billion for the quarter, compared to analysts’ expectations of $37.96 billion. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.92 earnings per share. As a group, equities analysts expect that The Home Depot, Inc. will post 16.64 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were paid a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Wednesday, November 30th. Home Depot’s payout ratio is currently 45.81%.

Wall Street Analyst Weigh In

HD has been the subject of several research reports. Sanford C. Bernstein initiated coverage on Home Depot in a research note on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 target price for the company. Raymond James downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 16th. Exane BNP Paribas downgraded Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 target price for the company. in a research note on Wednesday, October 19th. MKM Partners reduced their target price on Home Depot from $330.00 to $312.00 in a research note on Wednesday, November 9th. Finally, Piper Sandler reduced their target price on Home Depot from $327.00 to $323.00 and set a “neutral” rating for the company in a research note on Wednesday, November 16th. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $341.24.

Insider Activity at Home Depot

In related news, EVP Fahim Siddiqui sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total transaction of $622,580.00. Following the sale, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Paula Santilli bought 1,583 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were acquired at an average price of $315.80 per share, with a total value of $499,911.40. Following the acquisition, the director now owns 1,583 shares of the company’s stock, valued at approximately $499,911.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Fahim Siddiqui sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the sale, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.

About Home Depot

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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