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Financial Counselors Inc. Increases Stake in The Home Depot, Inc. (NYSE:HD)

Home Depot logo with Retail/Wholesale background

Financial Counselors Inc. boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,048 shares of the home improvement retailer's stock after acquiring an additional 2,089 shares during the period. Financial Counselors Inc.'s holdings in Home Depot were worth $52,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. YANKCOM Partnership grew its holdings in shares of Home Depot by 1.5% in the first quarter. YANKCOM Partnership now owns 2,368 shares of the home improvement retailer's stock valued at $868,000 after purchasing an additional 34 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Home Depot by 1.2% in the first quarter. TD Private Client Wealth LLC now owns 19,203 shares of the home improvement retailer's stock valued at $7,038,000 after purchasing an additional 232 shares in the last quarter. Heritage Wealth Management Inc. grew its holdings in shares of Home Depot by 2.3% in the first quarter. Heritage Wealth Management Inc. now owns 3,914 shares of the home improvement retailer's stock valued at $1,434,000 after purchasing an additional 88 shares in the last quarter. Crew Capital Management Ltd. grew its holdings in shares of Home Depot by 2.2% in the first quarter. Crew Capital Management Ltd. now owns 2,695 shares of the home improvement retailer's stock valued at $988,000 after purchasing an additional 58 shares in the last quarter. Finally, Pure Portfolios Holdings LLC grew its holdings in shares of Home Depot by 4.7% in the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 0.7%

Home Depot stock traded up $2.56 during trading hours on Thursday, reaching $373.60. The stock had a trading volume of 3,697,574 shares, compared to its average volume of 3,439,715. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. 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 company has a market cap of $371.70 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.49 and a beta of 1.00. The business's 50 day moving average price is $365.72 and its 200-day moving average price is $375.88.

Home Depot (NYSE:HD - Get Free Report) last issued 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 analyst estimates of $39.24 billion. During the same quarter last year, the company posted $3.63 EPS. Home Depot's quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.46%. Home Depot's dividend payout ratio is presently 62.42%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Monday, June 30th. Wells Fargo & Company set a $420.00 target price on shares of Home Depot and gave the company an "overweight" rating in a research note on Monday, June 30th. Truist Financial boosted their target price on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, TD Securities lowered shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Check Out Our Latest Analysis on Home Depot

Insider Activity at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the 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 in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot 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.

See Also

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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