Richard P Slaughter Associates Inc Takes Position in The Home Depot, Inc. (NYSE:HD)

Richard P Slaughter Associates Inc bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,811 shares of the home improvement retailer's stock, valued at approximately $1,030,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot during the 4th quarter worth approximately $28,000. Navigoe LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $32,000. Quarry LP lifted its holdings in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Finally, Sellwood Investment Partners LLC acquired a new position in Home Depot in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Guggenheim reaffirmed a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating on shares of Home Depot in a research report on Monday. Finally, Truist Financial increased their price target on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Seven investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

Shares of HD traded down $3.43 during mid-day trading on Thursday, reaching $368.97. 2,320,479 shares of the company's stock traded hands, compared to its average volume of 3,408,067. The Home Depot, Inc. has a 12 month low of $323.93 and a 12 month high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a market capitalization of $367.10 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The business's 50-day moving average price is $361.54 and its 200-day moving average price is $385.28.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 earnings per share. Equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.49%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

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.