Choreo LLC Has $30.99 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Choreo LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,545 shares of the home improvement retailer's stock after selling 1,290 shares during the period. Choreo LLC's holdings in Home Depot were worth $30,985,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Hurlow Wealth Management Group Inc. grew its stake in Home Depot by 1.3% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock valued at $831,000 after acquiring an additional 27 shares during the period. Invst LLC raised its stake in Home Depot by 0.4% in the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after buying an additional 28 shares during the period. Financial Insights Inc. raised its stake in Home Depot by 3.3% in the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after buying an additional 28 shares during the period. Wayfinding Financial LLC increased its stake in shares of Home Depot by 1.2% during the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after purchasing an additional 28 shares during the period. Finally, Pure Portfolios Holdings LLC increased its stake in shares of Home Depot by 4.7% during the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after purchasing an additional 28 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on HD. Mizuho reduced their target price on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Morgan Stanley reissued an "overweight" rating and issued a $415.00 price objective (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Robert W. Baird decreased their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Finally, Piper Sandler cut their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Seven equities 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 stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot 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 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 document filed with the SEC, which is accessible 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 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 owned 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

HD stock traded up $3.71 during midday trading on Tuesday, hitting $367.75. 613,830 shares of the stock traded hands, compared to its average volume of 3,432,076. The stock's fifty day simple moving average is $366.03 and its 200-day simple moving average is $374.29. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The firm has a market cap of $365.89 billion, a P/E ratio of 24.97, a PEG ratio of 3.42 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD - Get Free Report) last posted 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 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%. The business's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.63 earnings per share. On average, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

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.

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