Retirement Planning Group LLC NY Acquires New Holdings in The Home Depot, Inc. (NYSE:HD)

Retirement Planning Group LLC NY bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,154 shares of the home improvement retailer's stock, valued at approximately $1,227,000. Home Depot comprises approximately 1.4% of Retirement Planning Group LLC NY's investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. POM Investment Strategies LLC lifted its holdings in shares of Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after acquiring an additional 24 shares during the period. Center for Financial Planning Inc. lifted its holdings in shares of Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after acquiring an additional 24 shares during the period. Marino Stram & Associates LLC lifted its holdings in shares of Home Depot by 2.3% during the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock worth $431,000 after acquiring an additional 25 shares during the period. Live Oak Private Wealth LLC lifted its holdings in shares of Home Depot by 0.5% during the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after acquiring an additional 25 shares during the period. Finally, Mezzasalma Advisors LLC lifted its holdings in shares of Home Depot by 4.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock worth $255,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. Piper Sandler cut their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Morgan Stanley reiterated an "overweight" rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Finally, Royal Bank of Canada cut their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Down 0.5%

Shares of HD stock traded down $1.67 during mid-day trading on Thursday, reaching $366.39. 1,036,493 shares of the company were exchanged, compared to its average volume of 3,421,315. The company has a market capitalization of $364.20 billion, a P/E ratio of 24.90, a P/E/G ratio of 4.03 and a beta of 1.05. The business's 50 day simple moving average is $360.70 and its 200 day simple moving average is $386.56. 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 Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

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 analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.63 EPS. Research 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

Home Depot Profile

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.