Csenge Advisory Group Grows Stake in The Home Depot, Inc. (NYSE:HD)

Csenge Advisory Group increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,530 shares of the home improvement retailer's stock after purchasing an additional 1,376 shares during the period. Csenge Advisory Group's holdings in Home Depot were worth $5,869,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of HD. Asset Planning Services Inc. LA ADV boosted its stake in Home Depot by 99,400.7% in the first 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 in the last quarter. Norges Bank acquired a new stake in Home Depot in the fourth quarter valued at about $5,032,910,000. GAMMA Investing LLC boosted its stake in Home Depot by 39,194.1% in the first 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 in the last quarter. Northern Trust Corp boosted its stake in Home Depot by 13.3% in the fourth 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 in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new stake in Home Depot in the fourth quarter valued at about $471,189,000. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on HD. DA Davidson cut their price target on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Piper Sandler cut their price objective 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. Robert W. Baird cut their price objective on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Wells Fargo & Company set a $420.00 price objective on Home Depot and gave the stock an "overweight" rating in a research note on Monday, June 30th. Finally, Royal Bank Of Canada cut their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Up 0.1%

NYSE:HD traded up $0.28 during trading hours on Friday, reaching $359.32. 3,360,940 shares of the company traded hands, compared to its average volume of 3,442,403. 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 stock has a market capitalization of $357.50 billion, a P/E ratio of 24.38, a P/E/G ratio of 3.42 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The business's 50-day moving average price is $366.03 and its two-hundred day moving average price is $374.48.

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 the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the prior year, the firm earned $3.63 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company 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. This represents a $9.20 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.