Koss Olinger Consulting LLC Acquires Shares of 1,224 The Home Depot, Inc. (NYSE:HD)

Key Points

• Koss Olinger Consulting LLC made a new investment of $449,000 in The Home Depot, acquiring 1,224 shares of the company's stock in the first quarter.
• Several analysts have recently reaffirmed positive ratings for Home Depot, with a consensus rating of “Moderate Buy” and an average target price of $426.77.
• Home Depot announced a quarterly dividend of $2.30, resulting in an annualized dividend of $9.20 and a yield of 2.4%.

Koss Olinger Consulting LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,224 shares of the home improvement retailer's stock, valued at approximately $449,000.

Several other large investors have also recently made changes to their positions in the business. Lcnb Corp increased its stake in shares of Home Depot by 31.2% in the 1st quarter. Lcnb Corp now owns 3,640 shares of the home improvement retailer's stock worth $1,334,000 after purchasing an additional 865 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Home Depot in the 1st quarter worth $3,014,000. Townsquare Capital LLC increased its stake in shares of Home Depot by 7.4% in the 1st quarter. Townsquare Capital LLC now owns 85,362 shares of the home improvement retailer's stock worth $31,284,000 after purchasing an additional 5,874 shares in the last quarter. Founders Financial Alliance LLC increased its stake in shares of Home Depot by 8.3% in the 1st quarter. Founders Financial Alliance LLC now owns 5,716 shares of the home improvement retailer's stock worth $2,095,000 after purchasing an additional 439 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC increased its stake in shares of Home Depot by 2.0% in the 1st quarter. Nicholson Wealth Management Group LLC now owns 4,992 shares of the home improvement retailer's stock worth $1,830,000 after purchasing an additional 100 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Home Depot stock traded up $5.76 during mid-day trading on Wednesday, reaching $401.76. 713,395 shares of the company traded hands, compared to its average volume of 3,484,325. 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 Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a market capitalization of $399.73 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 3.68 and a beta of 1.00. The firm's fifty day moving average is $368.49 and its two-hundred day moving average is $371.95.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results 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). The business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business earned $3.63 EPS. On average, equities research analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analyst Weigh In

Several analysts have recently commented on HD shares. Truist Financial raised their price objective on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted 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. TD Securities downgraded shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Royal Bank Of Canada reduced their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $415.00 price target (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $427.38.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction 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 owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction 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 owned 7,951 shares in the company, valued at approximately $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 company insiders.

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.