Cohen Investment Advisors LLC raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 11.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,015 shares of the home improvement retailer's stock after purchasing an additional 1,056 shares during the quarter. Home Depot accounts for approximately 2.1% of Cohen Investment Advisors LLC's portfolio, making the stock its 16th largest holding. Cohen Investment Advisors LLC's holdings in Home Depot were worth $3,670,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Asset Planning Services Inc. LA ADV raised its holdings in shares of Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the period. Norges Bank purchased a new stake in shares of Home Depot during the 4th quarter valued at about $5,032,910,000. GAMMA Investing LLC raised its holdings in shares of Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after buying an additional 10,210,851 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Home Depot during the 4th quarter valued at about $2,212,546,000. Finally, Northern Trust Corp raised its holdings in shares of Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after buying an additional 1,424,857 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.
Home Depot Stock Performance
Shares of NYSE HD traded down $0.49 during trading on Friday, reaching $371.36. The stock had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,130. The Home Depot, Inc. has a one year low of $326.31 and a one year 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 stock has a market cap of $369.47 billion, a PE ratio of 25.19, a P/E/G ratio of 3.53 and a beta of 1.00. The firm's 50 day moving average price is $365.14 and its two-hundred day moving average price is $376.33.
Home Depot (NYSE:HD - Get Free Report) last released 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 company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the firm earned $3.63 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. Home Depot's dividend payout ratio is currently 62.42%.
Insider Buying and Selling
In related news, 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 completion of the transaction, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business'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 transaction, the executive vice president owned 17,367 shares of the company's stock, valued at $6,413,285.76. This 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.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on HD shares. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Monday, June 30th. DA Davidson dropped their target price on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Wells Fargo & Company set a $420.00 price objective on Home Depot and gave the company an "overweight" rating in a research note on Monday. Finally, Piper Sandler lowered their price objective on 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 analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average target price of $426.77.
View Our Latest Stock Report on HD
Home Depot Company Profile
(
Free Report)
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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