Retirement Planning Group LLC NY Acquires Shares of 3,154 The Home Depot, Inc. (NYSE:HD)

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

A number of other large investors also recently bought and sold shares of HD. Norges Bank purchased a new position in Home Depot in the fourth quarter worth $5,032,910,000. Raymond James Financial Inc. acquired a new stake in shares of Home Depot in the fourth quarter valued at about $2,212,546,000. Proficio Capital Partners LLC boosted its holdings in Home Depot by 21,394.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after buying an additional 2,030,372 shares in the last quarter. Northern Trust Corp grew its position in Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after buying an additional 1,424,857 shares during the period. Finally, Castlekeep Investment Advisors LLC purchased a new position in Home Depot in the fourth quarter valued at about $471,189,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 2.0%

Shares of HD stock traded up $7.25 during trading hours on Tuesday, hitting $369.96. 3,992,800 shares of the company were exchanged, compared to its average volume of 3,433,908. The firm has a market cap of $367.75 billion, a PE ratio of 25.13, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a fifty day moving average of $360.09 and a 200 day moving average of $386.81.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.63 earnings per share. Analysts expect 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. Investors of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were 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 $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

HD has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. KGI Securities raised Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. raised their price target on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Piper Sandler dropped their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.