Forte Capital LLC ADV Buys 1,411 Shares of The Home Depot, Inc. (NYSE:HD)

Forte Capital LLC ADV raised its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 115.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,632 shares of the home improvement retailer's stock after buying an additional 1,411 shares during the period. Forte Capital LLC ADV's holdings in Home Depot were worth $964,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HD. Commerzbank Aktiengesellschaft FI raised its holdings in Home Depot by 6.2% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 195,407 shares of the home improvement retailer's stock worth $71,615,000 after acquiring an additional 11,458 shares during the period. Forum Financial Management LP raised its holdings in Home Depot by 0.8% in the 1st quarter. Forum Financial Management LP now owns 15,485 shares of the home improvement retailer's stock worth $5,675,000 after acquiring an additional 121 shares during the period. Asset Advisors Investment Management LLC raised its holdings in Home Depot by 1.5% in the 1st quarter. Asset Advisors Investment Management LLC now owns 19,446 shares of the home improvement retailer's stock worth $7,127,000 after acquiring an additional 281 shares during the period. Bailard Inc. raised its holdings in Home Depot by 3.1% in the 1st quarter. Bailard Inc. now owns 89,496 shares of the home improvement retailer's stock worth $32,799,000 after acquiring an additional 2,654 shares during the period. Finally, Archvest Wealth Advisors Inc. raised its holdings in Home Depot by 27.6% in the 1st quarter. Archvest Wealth Advisors Inc. now owns 1,147 shares of the home improvement retailer's stock worth $420,000 after acquiring an additional 248 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

Shares of HD stock traded up $0.28 during trading on Friday, hitting $359.32. The company had a trading volume of 3,360,940 shares, compared to its average volume of 3,434,372. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The stock's 50-day moving average is $366.09 and its two-hundred day moving average is $374.69. The stock has a market capitalization of $357.50 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued 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). The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.63 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction 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. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HD shares. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Truist Financial boosted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Gordon Haskett boosted their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Royal Bank Of Canada dropped their price objective on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Finally, Piper Sandler dropped their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

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.