The Home Depot, Inc. (NYSE:HD) Shares Bought by Alta Advisers Ltd

Alta Advisers Ltd boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 54.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,121 shares of the home improvement retailer's stock after buying an additional 1,800 shares during the period. Home Depot accounts for approximately 0.8% of Alta Advisers Ltd's portfolio, making the stock its 25th biggest holding. Alta Advisers Ltd's holdings in Home Depot were worth $1,877,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Navigoe LLC purchased a new position in Home Depot during the 4th quarter worth $29,000. Quarry LP lifted its position in shares of 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 acquiring an additional 66 shares during the period. Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at approximately $39,000. NewSquare Capital LLC boosted its stake in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after acquiring an additional 68 shares in the last quarter. Finally, Spurstone Advisory Services LLC purchased a new position in Home Depot in the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank Of Canada decreased their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and increased their price objective for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Piper Sandler dropped their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Seven equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated 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 owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.3%

Shares of HD stock traded down $1.11 during trading hours on Wednesday, reaching $372.05. The company had a trading volume of 3,011,363 shares, compared to its average volume of 3,434,767. The stock's fifty day simple moving average is $364.33 and its 200 day simple moving average is $376.90. The company has a market capitalization of $370.16 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the prior year, the business earned $3.63 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders 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 dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is 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.