Secure Asset Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 54.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,391 shares of the home improvement retailer’s stock after buying an additional 839 shares during the period. Secure Asset Management LLC’s holdings in Home Depot were worth $716,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of HD. Rinkey Investments purchased a new position in Home Depot during the 4th quarter worth $25,000. Shore Point Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $26,000. Barnett & Company Inc. boosted its holdings in shares of Home Depot by 173.1% in the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Retirement Group LLC boosted its holdings in shares of Home Depot by 111.1% in the fourth quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock valued at $39,000 after acquiring an additional 50 shares in the last quarter. Finally, Family CFO Inc purchased a new stake in shares of Home Depot in the fourth quarter valued at about $42,000. 70.61% of the stock is currently owned by institutional investors.
NYSE: HD opened at $279.08 on Friday. The firm has a 50 day simple moving average of $291.54 and a 200-day simple moving average of $328.09. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The firm has a market cap of $286.83 billion, a PE ratio of 17.72, a P/E/G ratio of 1.70 and a beta of 0.97. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61.
Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The firm had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $36.78 billion. During the same period in the previous year, the firm earned $3.86 earnings per share. Home Depot’s revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts expect that The Home Depot, Inc. will post 16.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 dividend on an annual basis and a yield of 2.72%. Home Depot’s payout ratio is 48.25%.
In related news, EVP Ann Marie Campbell sold 11,293 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. 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 sale, the executive vice president now directly owns 51,175 shares in the company, valued at $14,739,935.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Becker Caryn Seidman acquired 1,500 shares of the firm’s stock in a transaction on Monday, May 23rd. 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 purchase, the director now owns 1,500 shares of the company’s stock, valued at $431,595. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.
Several analysts have recently weighed in on HD shares. DA Davidson lowered their target price on shares of Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Trust Financial reduced their price objective on shares of Home Depot from $405.00 to $375.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Piper Sandler raised their objective price on shares of Home Depot from $310.00 to $321.00 and gave the company a “neutral” rating in a research note on Wednesday, May 18th. MKM Partners began coverage on shares of Home Depot in a research note on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 price objective for the company. Finally, Evercore ISI reduced their objective price on shares of Home Depot to $360.00 in a research note on Thursday, June 9th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $369.82.
About Home Depot (Get Rating)
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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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