The Home Depot, Inc. (NYSE:HD) Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 15.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,430 shares of the home improvement retailer's stock after selling 1,971 shares during the quarter. Home Depot accounts for 1.0% of L.M. Kohn & Company's investment portfolio, making the stock its 21st biggest position. L.M. Kohn & Company's holdings in Home Depot were worth $3,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of HD. Riverwater Partners LLC grew its position in Home Depot by 13.1% in the first quarter. Riverwater Partners LLC now owns 854 shares of the home improvement retailer's stock valued at $313,000 after acquiring an additional 99 shares in the last quarter. Stableford Capital II LLC increased its position in shares of Home Depot by 7.0% during the first quarter. Stableford Capital II LLC now owns 2,543 shares of the home improvement retailer's stock worth $903,000 after acquiring an additional 166 shares during the last quarter. Good Steward Wealth Advisors LLC purchased a new stake in shares of Home Depot during the first quarter worth about $460,000. River Street Advisors LLC increased its position in shares of Home Depot by 6.2% during the first quarter. River Street Advisors LLC now owns 3,794 shares of the home improvement retailer's stock worth $1,390,000 after acquiring an additional 222 shares during the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV increased its position in shares of Home Depot by 2.1% during the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 10,607 shares of the home improvement retailer's stock worth $3,887,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. TD Securities lowered Home Depot to a "buy" rating in a research report on Monday, June 2nd. Truist Financial lifted their target price on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wedbush reaffirmed an "outperform" rating and set a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Finally, DA Davidson dropped their target price on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

HD stock traded up $7.22 during midday trading on Monday, reaching $356.84. The company had a trading volume of 3,852,734 shares, compared to its average volume of 3,425,990. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The stock has a 50 day moving average price of $362.65 and a 200 day moving average price of $378.90. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market capitalization of $355.03 billion, a PE ratio of 24.21, a P/E/G ratio of 3.32 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.63 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.58%. Home Depot's dividend payout ratio is presently 62.42%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was 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 directly owns 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company'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 value 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. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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.