Guerra Advisors Inc Purchases 1,190 Shares of The Home Depot, Inc. (NYSE:HD)

Guerra Advisors Inc lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 24.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,020 shares of the home improvement retailer's stock after acquiring an additional 1,190 shares during the period. Home Depot makes up about 1.2% of Guerra Advisors Inc's holdings, making the stock its 26th largest holding. Guerra Advisors Inc's holdings in Home Depot were worth $2,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Asset Planning Services Inc. LA ADV increased its holdings in shares of 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 worth $6,954,431,000 after purchasing an additional 18,956,701 shares during the period. Norges Bank purchased a new position in Home Depot during the fourth quarter worth about $5,032,910,000. GAMMA Investing LLC increased its stake in Home Depot by 39,194.1% in the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after acquiring an additional 10,210,851 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Home Depot in the 4th quarter valued at about $2,212,546,000. Finally, Northern Trust Corp boosted its position 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 acquiring an additional 1,424,857 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president owned 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.3%

NYSE:HD traded down $1.11 during midday trading on Wednesday, reaching $372.05. 3,011,036 shares of the stock traded hands, compared to its average volume of 3,433,016. The stock has a market capitalization of $370.16 billion, a P/E ratio of 25.24, a PEG ratio of 3.49 and a beta of 1.00. 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 company has a fifty day moving average of $364.33 and a 200 day moving average of $376.90. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm 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 business's revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $3.63 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Royal Bank Of Canada decreased 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 research report on Thursday, May 15th. Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. DA Davidson lowered their price objective on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Truist Financial upped their target price on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Guggenheim restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price of $426.77.

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.