Jmac Enterprises LLC Sells 3,464 Shares of The Home Depot, Inc. (NYSE:HD)

Jmac Enterprises LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 68.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,632 shares of the home improvement retailer's stock after selling 3,464 shares during the period. Jmac Enterprises LLC's holdings in Home Depot were worth $598,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HD. Prairie Wealth Advisors Inc. boosted its stake in Home Depot by 1.8% during the first quarter. Prairie Wealth Advisors Inc. now owns 2,554 shares of the home improvement retailer's stock valued at $936,000 after buying an additional 45 shares during the last quarter. Ridgecrest Wealth Partners LLC boosted its stake in Home Depot by 21.2% during the first quarter. Ridgecrest Wealth Partners LLC now owns 1,712 shares of the home improvement retailer's stock valued at $628,000 after buying an additional 300 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Home Depot by 1.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 238,098 shares of the home improvement retailer's stock valued at $87,260,000 after buying an additional 4,319 shares during the last quarter. Kennedy Investment Group boosted its stake in Home Depot by 2.1% during the first quarter. Kennedy Investment Group now owns 2,288 shares of the home improvement retailer's stock valued at $839,000 after buying an additional 47 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its stake in Home Depot by 2.7% during the first quarter. Wolff Wiese Magana LLC now owns 5,190 shares of the home improvement retailer's stock valued at $1,902,000 after buying an additional 134 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HD shares. Wedbush reissued an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. DA Davidson dropped their price target on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. TD Securities lowered Home Depot to a "buy" rating in a research note on Monday, June 2nd. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Finally, Truist Financial raised their price objective on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were 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 now owns 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Trading Up 0.9%

Shares of NYSE HD opened at $350.21 on Monday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market cap of $348.44 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02. The business has a fifty day simple moving average of $362.65 and a two-hundred day simple moving average of $379.42. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results 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). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the prior year, the business posted $3.63 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.63%. Home Depot's dividend payout ratio is currently 62.42%.

Home Depot 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.

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