Caliber Wealth Management LLC KS Makes New $5.65 Million Investment in The Home Depot, Inc. (NYSE:HD)

Key Points

• Caliber Wealth Management LLC KS made a new investment of approximately $5.65 million in The Home Depot, acquiring 15,412 shares, which marks the stock as its 27th largest position.
• Home Depot's recent earnings report showed an EPS of $3.56, falling short of the consensus estimate of $3.59, although revenue reached $39.86 billion, exceeding expectations.
• The stock currently has a consensus rating of "Moderate Buy" with a price target averaging $426.77 according to multiple analysts, indicating positive investor sentiment despite a recent slight decline in share price.

Caliber Wealth Management LLC KS bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,412 shares of the home improvement retailer's stock, valued at approximately $5,648,000. Home Depot comprises approximately 0.8% of Caliber Wealth Management LLC KS's holdings, making the stock its 27th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings 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 worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Home Depot by 4.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after buying an additional 565 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Home Depot by 8.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,690,570 shares of the home improvement retailer's stock valued at $657,936,000 after buying an additional 134,453 shares in the last quarter. Moment Partners LLC purchased a new position in Home Depot in the fourth quarter valued at about $410,000. Finally, UniSuper Management Pty Ltd increased its holdings in Home Depot by 17.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 89,529 shares of the home improvement retailer's stock valued at $34,826,000 after buying an additional 13,193 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and increased their target price for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Jefferies Financial Group lowered their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Mizuho decreased their target price on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Trading Down 0.3%

Shares of HD stock traded down $1.32 during mid-day trading on Tuesday, reaching $375.91. The company's stock had a trading volume of 1,072,944 shares, compared to its average volume of 3,539,204. The company's 50 day simple moving average is $365.55 and its 200-day simple moving average is $373.66. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. 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 firm has a market capitalization of $374.00 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 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 business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the prior year, the business posted $3.63 EPS. The business's revenue was up 9.4% on a year-over-year basis. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.45%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The shares were 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. The trade was a 23.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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.