Bard Financial Services Inc. Sells 56,755 Shares of The Home Depot, Inc. (NYSE:HD)

Bard Financial Services Inc. trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 65.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,110 shares of the home improvement retailer’s stock after selling 56,755 shares during the period. Home Depot accounts for about 2.5% of Bard Financial Services Inc.’s holdings, making the stock its 4th largest position. Bard Financial Services Inc.’s holdings in Home Depot were worth $12,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Inspirion Wealth Advisors LLC lifted its holdings in Home Depot by 10.8% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 1,029 shares of the home improvement retailer’s stock valued at $417,000 after purchasing an additional 100 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in Home Depot by 4.6% during the 3rd quarter. Mirador Capital Partners LP now owns 1,163 shares of the home improvement retailer’s stock valued at $471,000 after purchasing an additional 51 shares during the last quarter. Central Valley Advisors LLC lifted its holdings in Home Depot by 0.5% during the 3rd quarter. Central Valley Advisors LLC now owns 10,002 shares of the home improvement retailer’s stock valued at $4,053,000 after purchasing an additional 49 shares during the last quarter. Eclectic Associates Inc. ADV lifted its holdings in Home Depot by 0.5% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 12,403 shares of the home improvement retailer’s stock valued at $5,026,000 after purchasing an additional 61 shares during the last quarter. Finally, Lwmg LLC raised its stake in shares of Home Depot by 4.7% in the third quarter. Lwmg LLC now owns 645 shares of the home improvement retailer’s stock worth $261,000 after acquiring an additional 29 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Truist Financial dropped their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. DA Davidson boosted their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Melius Research initiated coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Evercore ISI dropped their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $398.54.

Home Depot Trading Down 0.8 %

NYSE HD traded down $3.22 during trading on Friday, reaching $408.36. 3,989,606 shares of the stock traded hands, compared to its average volume of 3,392,598. The firm has a market cap of $404.94 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The stock’s 50-day moving average price is $373.28 and its 200 day moving average price is $356.40. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $412.97.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.65 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.