Curbstone Financial Management Corp Reduces Stake in Home Depot, Inc. (NYSE:HD)


Curbstone Financial Management Corp reduced its holdings in The Home Depot, Inc. (NYSE: HDGet an assessment) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The company held 9,391 shares of the home improvement retailer’s stock after selling 79 shares during the quarter. Curbstone Financial Management Corp’s holdings in Home Depot were worth $2,811,000 when it last filed with the SEC.

A number of other large investors have also increased or reduced their stakes in HD. Future Financial Wealth Managment LLC bought a new stake in Home Depot in the fourth quarter worth about $90,000. McAdam LLC increased its stake in Home Depot by 5.5% in the fourth quarter. McAdam LLC now owns 1,013 shares of the home improvement retailer worth $421,000 after acquiring 53 additional shares during the period. Shakespeare Wealth Management Inc. increased its stake in Home Depot by 6.6% in the fourth quarter. Shakespeare Wealth Management Inc. now owns 773 shares of the home improvement retailer worth $321,000 after acquiring 48 additional shares during the period. Dixon Hubard Feinour & Brown Inc. VA increased its stake in Home Depot by 16.3% in the fourth quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 39,474 shares of the home improvement retailer worth $16,382,000 after acquiring 5,518 additional shares during the period. Finally, Brookstone Capital Management increased its stake in Home Depot by 5.0% in the fourth quarter. Brookstone Capital Management now owns 32,094 shares of the home improvement retailer worth $12,632,000 after acquiring an additional 1,532 shares during the period. 70.61% of the shares are held by institutional investors.

HD has been the subject of a number of research reports. Truist Financial lowered its price target on Home Depot shares from $405.00 to $375.00 and set an “na” rating for the company in a Wednesday, May 18 research note. Wedbush cut its target price on Home Depot stock from $340.00 to $320.00 and set a “neutral” rating for the company in a Wednesday, May 18 report. StockNews.com downgraded Home Depot shares from a “buy” rating to a “hold” rating in a report on Friday, May 27. DA Davidson cut its target price on Home Depot stock from $354.00 to $330.00 and set an “na” rating for the company in a Wednesday, May 18 report. Finally, Wells Fargo & Company cut its price target on Home Depot stock from $400.00 to $350.00 and set an “overweight” rating on the stock in a Thursday, April 7 report. Five research analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $369.82.

Shares of HD opened at $273.87 on Thursday. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61. The company has a market capitalization of $281.47 billion, a PE ratio of 17.39, a growth price-earnings ratio of 1.70 and a beta of 0.97. The stock has a fifty-day simple moving average of $292.68 and a two-hundred-day simple moving average of $329.85. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt ratio of 35.47.

Home deposit (NYSE: HDGet an assessment) last reported quarterly earnings data on Tuesday, May 17. The home improvement retailer reported earnings per share (EPS) of $4.09 for the quarter, beating the consensus estimate of $3.67 by $0.42. The company posted revenue of $38.91 billion in the quarter, compared to $36.78 billion expected by analysts. The Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company’s quarterly revenue increased by 3.8% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $3.86. As a group, stock analysts expect The Home Depot, Inc. to post earnings per share of 16.47 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Thursday, June 2 received a dividend of $1.90. This represents an annualized dividend of $7.60 and a dividend yield of 2.78%. The ex-dividend date was Wednesday, June 1. The Home Depot’s payout ratio is currently 48.25%.

In related news, the director BeckerCaryn Seidman purchased 1,500 shares of the company in a transaction dated Monday, May 23. The shares were acquired at an average price of $287.73 per share, with a total value of $431,595.00. Following the completion of the acquisition, the administrator now owns 1,500 shares of the company, valued at approximately $431,595. The transaction was disclosed in an SEC filing, which is available via this link. Also, VPE Anne Marie Campbell sold 11,293 shares of the company in a transaction that took place on Tuesday, May 24. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the transaction, the executive vice president now directly owns 51,175 shares of the company, valued at approximately $14,739,935.25. Disclosure of this sale can be found here. 0.17% of the shares are held by insiders.

Home Depot Profile (Get an assessment)

The Home Depot, Inc. operates as a home improvement retailer. It operates Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products, and decorating products, as well as facility maintenance, repair and operation products. countertops, furnaces and central air conditioning systems, and windows.

Further reading

Want to see which other hedge funds hold HD? Visit HoldingsChannel.com for the latest 13F filings and insider trading for The Home Depot, Inc. (NYSE: HDGet an assessment).

Institutional ownership by quarter for The Home Depot (NYSE:HD)



Get news and reviews for The Home Depot Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Home Depot and related companies with MarketBeat.com’s FREE daily email newsletter.