GF Fund Management CO. LTD. Buys Shares of 1,373 The Home Depot, Inc. (NYSE:HD)

GF Fund Management CO. LTD. bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,373 shares of the home improvement retailer's stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Navigoe LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $29,000. Quarry LP increased its stake in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the period. Sellwood Investment Partners LLC bought a new stake in Home Depot in the 4th quarter valued at $39,000. Spurstone Advisory Services LLC acquired a new position in Home Depot in the 4th quarter valued at $45,000. Finally, Vega Investment Solutions bought a new position in Home Depot during the 4th quarter worth $46,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

Shares of NYSE HD traded down $0.49 during midday trading on Friday, reaching $371.36. The company's stock had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,130. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a 50 day moving average price of $365.14 and a 200-day moving average price of $376.33. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The stock has a market capitalization of $369.47 billion, a P/E ratio of 25.19, a PEG ratio of 3.53 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period last year, the business posted $3.63 earnings per share. The firm's quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent research reports. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Truist Financial raised their price objective on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Monday, June 30th. Robert W. Baird dropped their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company set a $420.00 price objective on shares of Home Depot and gave the stock an "overweight" rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

About Home Depot

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.