December 7, 2022

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Harvest Investment Services LLC Decreases Stock Holdings in The Home Depot, Inc. (NYSE:HD)


Harvest Investment Services LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 824 shares of the home improvement retailer’s stock after selling 155 shares during the quarter. Harvest Investment Services LLC’s holdings in The Home Depot were worth $218,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Clearview Wealth Advisors LLC purchased a new stake in shares of The Home Depot during the fourth quarter valued at about $249,000. S&CO Inc. purchased a new stake in shares of The Home Depot during the third quarter valued at about $5,027,000. Venture Visionary Partners LLC lifted its position in shares of The Home Depot by 99.2% during the fourth quarter. Venture Visionary Partners LLC now owns 27,768 shares of the home improvement retailer’s stock valued at $7,375,000 after buying an additional 13,825 shares during the last quarter. IFP Advisors Inc lifted its position in shares of The Home Depot by 14.0% during the fourth quarter. IFP Advisors Inc now owns 19,001 shares of the home improvement retailer’s stock valued at $5,059,000 after buying an additional 2,330 shares during the last quarter. Finally, Congress Asset Management Co. MA raised its position in shares of The Home Depot by 1.5% in the 4th quarter. Congress Asset Management Co. MA now owns 444,695 shares of the home improvement retailer’s stock valued at $118,120,000 after purchasing an additional 6,597 shares during the last quarter. 68.71% of the stock is owned by institutional investors and hedge funds.

HD has been the subject of several research analyst reports. Gordon Haskett raised shares of The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 price objective for the company in a research report on Thursday, November 12th. Piper Sandler increased their price objective on shares of The Home Depot from $288.00 to $296.00 and gave the company a “neutral” rating in a research report on Wednesday, November 18th. They noted that the move was a valuation call. DA Davidson decreased their price objective on shares of The Home Depot from $315.00 to $295.00 and set a “neutral” rating for the company in a research report on Wednesday, November 18th. Guggenheim raised shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price objective for the company in a research report on Wednesday, January 13th. Finally, Morgan Stanley increased their price objective on shares of The Home Depot from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, December 4th. Five equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The Home Depot currently has an average rating of “Buy” and an average target price of $293.25.

In other news, COO Edward P. Decker sold 25,595 shares of the business’s stock in a transaction dated Thursday, November 19th. The stock was sold at an average price of $269.40, for a total transaction of $6,895,293.00. Following the completion of the transaction, the chief operating officer now directly owns 97,352 shares of the company’s stock, valued at $26,226,628.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 120 shares of the business’s stock in a transaction dated Friday, November 20th. The stock was sold at an average price of $269.03, for a total value of $32,283.60. Following the transaction, the executive vice president now directly owns 46,611 shares of the company’s stock, valued at $12,539,757.33. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

NYSE HD opened at $278.86 on Friday. The company has a market cap of $300.22 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a debt-to-equity ratio of 21.39, a current ratio of 1.36 and a quick ratio of 0.72. The stock has a 50-day moving average of $272.19 and a two-hundred day moving average of $274.68. The Home Depot, Inc. has a 1-year low of $140.63 and a 1-year high of $292.95.

The Home Depot (NYSE:HD) last released its earnings results on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.10. The company had revenue of $33.54 billion during the quarter, compared to the consensus estimate of $32.03 billion. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. During the same period in the previous year, the company posted $2.53 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 11.76 EPS for the current fiscal year.

About The Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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



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