K.J. Harrison & Partners Inc Acquires 6,160 Shares of The Home Depot, Inc. (NYSE:HD)

K.J. Harrison & Partners Inc lifted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 67.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,260 shares of the home improvement retailer's stock after purchasing an additional 6,160 shares during the quarter. Home Depot accounts for approximately 1.1% of K.J. Harrison & Partners Inc's investment portfolio, making the stock its 22nd biggest holding. K.J. Harrison & Partners Inc's holdings in Home Depot were worth $5,593,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HD. Wealth Management Partners LLC increased its holdings in Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after buying an additional 36 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Home Depot by 19.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after buying an additional 3,873 shares during the last quarter. Disciplined Investors L.L.C. acquired a new position in Home Depot during the fourth quarter worth $409,000. ARS Wealth Advisors Group LLC increased its holdings in Home Depot by 0.8% during the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after buying an additional 239 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in Home Depot during the fourth quarter worth $3,193,000. Institutional investors own 70.86% of the company's stock.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 completion of the sale, the executive vice president now owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $954,564.00. Following the sale, the executive vice president now directly 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 disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

Home Depot stock opened at $368.36 on Friday. The business has a 50 day moving average of $363.55 and a 200-day moving average of $377.53. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The company has a market capitalization of $366.49 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.51 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (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 during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the prior year, the company earned $3.63 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HD shares. DA Davidson lowered their target price on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Truist Financial upped 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. Morgan Stanley reiterated an "overweight" rating and issued a $415.00 price objective (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Finally, Guggenheim reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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