IMZ Advisory Inc Invests $624,000 in The Home Depot, Inc. (NYSE:HD)

IMZ Advisory Inc purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,702 shares of the home improvement retailer's stock, valued at approximately $624,000. Home Depot comprises about 0.3% of IMZ Advisory Inc's portfolio, making the stock its 21st largest position.

Other institutional investors have also modified their holdings of the company. Sweeney & Michel LLC acquired a new stake in Home Depot in the first quarter worth about $457,000. NBC Securities Inc. lifted its holdings in Home Depot by 46,104.5% in the first quarter. NBC Securities Inc. now owns 10,165 shares of the home improvement retailer's stock worth $3,725,000 after purchasing an additional 10,143 shares during the period. Baker Tilly Wealth Management LLC lifted its holdings in Home Depot by 1.3% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 3,381 shares of the home improvement retailer's stock valued at $1,239,000 after acquiring an additional 42 shares during the last quarter. American National Bank & Trust lifted its holdings in Home Depot by 4.2% in the 1st quarter. American National Bank & Trust now owns 34,994 shares of the home improvement retailer's stock valued at $12,825,000 after acquiring an additional 1,398 shares during the last quarter. Finally, Advance Capital Management Inc. acquired a new stake in Home Depot in the 1st quarter valued at about $267,000. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction dated 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 now owns 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of Home Depot stock traded up $1.20 during mid-day trading on Thursday, reaching $371.30. 857,077 shares of the stock were exchanged, compared to its average volume of 3,402,430. The company has a market cap of $369.42 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a 50-day simple moving average of $361.54 and a 200 day simple moving average of $385.28. The Home Depot, Inc. has a fifty-two week low of $323.93 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.63 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research analyst reports. Wedbush reissued an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. TD Securities downgraded shares of Home Depot to a "buy" rating in a report on Monday. Finally, Piper Sandler cut their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Seven equities research 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.