Albion Financial Group UT Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Albion Financial Group UT lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,615 shares of the home improvement retailer's stock after purchasing an additional 903 shares during the quarter. Home Depot accounts for 1.8% of Albion Financial Group UT's investment portfolio, making the stock its 15th largest holding. Albion Financial Group UT's holdings in Home Depot were worth $24,780,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Navigoe LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $29,000. Quarry LP raised its position in shares of Home Depot by 220.0% in the 4th 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 last quarter. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot in the 4th quarter worth $39,000. NewSquare Capital LLC lifted its holdings in shares of Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after purchasing an additional 68 shares in the last quarter. Finally, Spurstone Advisory Services LLC bought a new position in Home Depot in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on HD shares. Truist Financial lifted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Wells Fargo & Company decreased their price target on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Evercore ISI set a $400.00 price objective on Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Gordon Haskett boosted their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Finally, Piper Sandler reduced their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Price Performance

HD stock traded up $6.45 on Tuesday, reaching $373.09. 5,149,415 shares of the company's stock were exchanged, compared to its average volume of 3,434,704. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The stock has a fifty day moving average of $363.95 and a 200-day moving average of $376.92. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market cap of $371.20 billion, a PE ratio of 25.31, a P/E/G ratio of 3.49 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm 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 242.51% and a net margin of 8.98%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.63 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

Insider Activity

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was 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.

Home Depot Company 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.