Astoria Portfolio Advisors LLC. Purchases 769 Shares of The Home Depot, Inc. (NYSE:HD)

Astoria Portfolio Advisors LLC. lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,303 shares of the home improvement retailer's stock after purchasing an additional 769 shares during the quarter. Home Depot accounts for about 0.8% of Astoria Portfolio Advisors LLC.'s investment portfolio, making the stock its 28th largest holding. Astoria Portfolio Advisors LLC.'s holdings in Home Depot were worth $2,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Wealth Group Ltd. lifted its holdings in shares of Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after purchasing an additional 27 shares in the last quarter. Brighton Jones LLC raised its position in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares during the period. Snider Financial Group lifted its stake in Home Depot by 90.7% in the 4th quarter. Snider Financial Group now owns 1,436 shares of the home improvement retailer's stock worth $559,000 after acquiring an additional 683 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock worth $4,747,000 after acquiring an additional 565 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Home Depot during the 4th quarter worth about $3,068,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HD. TD Securities lowered shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Truist Financial lifted their target price 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. DA Davidson dropped their price target on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Monday. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the 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 transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president owned 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Home Depot Stock Performance

Home Depot stock traded down $1.11 on Wednesday, reaching $372.05. 3,011,363 shares of the stock were exchanged, compared to its average volume of 3,434,767. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a fifty day moving average price of $364.33 and a two-hundred day moving average price of $376.90. The stock has a market cap of $370.16 billion, a PE ratio of 25.24, a PEG ratio of 3.55 and a beta of 1.00.

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 for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion for 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%. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.63 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

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.