The Home Depot, Inc. (NYSE:HD) Stock Position Lifted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 40.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,290 shares of the home improvement retailer's stock after acquiring an additional 10,756 shares during the period. Los Angeles Capital Management LLC's holdings in Home Depot were worth $13,666,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Navigoe LLC bought a new stake in Home Depot in the 4th quarter valued at $29,000. Abound Financial LLC bought a new stake in shares of Home Depot in the first quarter worth $31,000. Quarry LP boosted its holdings in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after buying an additional 46 shares during the last quarter. Finally, Sellwood Investment Partners LLC bought a new stake in Home Depot during the 4th quarter worth about $39,000. Institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HD. Truist Financial increased their price target 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 target (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. 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 report on Wednesday, May 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Monday, June 30th. Finally, Piper Sandler cut their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Up 1.3%

Shares of Home Depot stock traded up $4.64 during trading on Monday, reaching $364.04. The company's stock had a trading volume of 3,503,660 shares, compared to its average volume of 3,442,647. The company has a 50-day simple moving average of $366.03 and a two-hundred day simple moving average of $374.29. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a market cap of $362.20 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 3.42 and a beta of 1.00. 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 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). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period last year, the business earned $3.63 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business 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. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot 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 transaction, the executive vice president directly owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction 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 owned 17,367 shares of the company's stock, valued at approximately $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 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.