Harbor Capital Advisors Inc. Takes $13.86 Million Position in The Home Depot, Inc. (NYSE:HD)

Harbor Capital Advisors Inc. bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,806 shares of the home improvement retailer's stock, valued at approximately $13,856,000. Home Depot makes up approximately 0.6% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also added to or reduced their stakes in HD. Wealth Group Ltd. boosted its holdings in Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after acquiring an additional 27 shares in the last quarter. Tallon Kerry Patrick purchased a new position in shares of Home Depot in the 4th quarter valued at approximately $281,000. Capital & Planning LLC boosted its stake in Home Depot by 110.2% in the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock worth $418,000 after purchasing an additional 563 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Home Depot by 0.7% during the fourth quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock worth $1,765,000 after buying an additional 32 shares during the period. Finally, Brighton Jones LLC raised its stake in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of NYSE:HD traded up $2.95 during trading on Tuesday, reaching $368.15. The stock had a trading volume of 3,014,068 shares, compared to its average volume of 3,408,063. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The stock has a market cap of $366.28 billion, a PE ratio of 25.01, a PEG ratio of 4.03 and a beta of 1.02. The business has a fifty day moving average price of $361.51 and a 200-day moving average price of $384.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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 452.60% and a net margin of 9.45%. The business 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 business posted $3.63 earnings per share. The business's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Analysts Set New Price Targets

HD has been the topic of several recent research reports. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Wells Fargo & Company decreased their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and increased their price target for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Truist Financial lifted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, 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 for the company in a research report on Thursday, May 15th. Seven 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred 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 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 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.