Burney Co. Grows Position in The Home Depot, Inc. (NYSE:HD)

Burney Co. lifted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,867 shares of the home improvement retailer's stock after purchasing an additional 1,306 shares during the period. Burney Co.'s holdings in Home Depot were worth $11,679,000 at the end of the most recent reporting period.

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 shares of Home Depot in the fourth quarter valued at $29,000. Abound Financial LLC purchased a new stake in Home Depot in the first quarter worth about $31,000. Quarry LP lifted its stake in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 66 shares during the period. Iron Horse Wealth Management LLC lifted its stake in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares during the period. Finally, Sellwood Investment Partners LLC purchased a new stake in Home Depot in the fourth quarter worth about $39,000. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's 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 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 disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Trading Up 0.6%

Shares of NYSE HD traded up $2.08 during trading on Friday, hitting $375.17. 2,220,147 shares of the company were exchanged, compared to its average volume of 3,553,306. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. 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 company has a fifty day moving average price of $365.70 and a 200-day moving average price of $373.99. The firm has a market capitalization of $373.27 billion, a PE ratio of 25.45, a P/E/G ratio of 3.58 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results 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). The business 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 242.51% and a net margin of 8.98%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $3.63 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed 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 2.45%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Monday, June 30th. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Gordon Haskett increased their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and increased their price target for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Finally, Truist Financial increased their price target on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

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.