Embree Financial Group Invests $355,000 in The Home Depot, Inc. (NYSE:HD)

Embree Financial Group purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 969 shares of the home improvement retailer's stock, valued at approximately $355,000.

A number of other large investors also recently made changes to their positions in the company. Smith & Howard Wealth Management LLC raised its position in Home Depot by 2.9% in the first quarter. Smith & Howard Wealth Management LLC now owns 4,857 shares of the home improvement retailer's stock worth $1,780,000 after acquiring an additional 137 shares during the period. WoodTrust Financial Corp raised its position in Home Depot by 1.8% in the first quarter. WoodTrust Financial Corp now owns 28,400 shares of the home improvement retailer's stock worth $10,408,000 after acquiring an additional 501 shares during the period. Spirepoint Private Client LLC raised its position in Home Depot by 10.4% in the first quarter. Spirepoint Private Client LLC now owns 21,567 shares of the home improvement retailer's stock worth $7,904,000 after acquiring an additional 2,040 shares during the period. Consolidated Portfolio Review Corp raised its position in Home Depot by 8.4% in the first quarter. Consolidated Portfolio Review Corp now owns 5,674 shares of the home improvement retailer's stock worth $2,080,000 after acquiring an additional 440 shares during the period. Finally, Capitol Family Office Inc. bought a new stake in Home Depot in the first quarter worth about $71,000. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on HD. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Gordon Haskett lifted their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Truist Financial lifted their target price on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Royal Bank Of Canada reduced their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Price Performance

HD stock traded up $4.86 during midday trading on Friday, reaching $368.36. The company had a trading volume of 5,502,278 shares, compared to its average volume of 3,431,611. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market capitalization of $366.49 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.46 and a beta of 1.02. The firm has a 50-day moving average price of $363.55 and a 200-day moving average price of $377.83.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly 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 return on equity of 242.51% and a net margin of 8.98%. The company 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 firm earned $3.63 EPS. Home Depot's quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Insiders Place Their Bets

In other news, 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 completion of the sale, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president now owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Company 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.