Mather Group LLC. Decreases Stock Position in The Home Depot, Inc. (NYSE:HD)

Mather Group LLC. lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,927 shares of the home improvement retailer's stock after selling 1,106 shares during the period. Mather Group LLC.'s holdings in Home Depot were worth $5,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Wealth Management Partners LLC raised its holdings in Home Depot by 0.6% during the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after purchasing an additional 36 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of 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 period. Disciplined Investors L.L.C. bought a new position in Home Depot during the fourth quarter worth $409,000. ARS Wealth Advisors Group LLC boosted its position 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 valued at $11,628,000 after acquiring an additional 239 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new stake in Home Depot during the fourth quarter valued at $3,193,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Down 0.1%

Shares of NYSE HD traded down $0.49 during trading on Friday, hitting $371.36. The stock had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,130. The firm has a fifty day moving average of $364.86 and a two-hundred day moving average of $376.59. The company has a market capitalization of $369.47 billion, a PE ratio of 25.19, a PEG ratio of 3.54 and a beta of 1.00. 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 12 month low of $326.31 and a 12 month high of $439.37.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors 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 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is 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 dated Thursday, May 22nd. The stock was 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 owned 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the executive vice president directly owned 17,367 shares in the company, 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. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HD. Gordon Haskett boosted their price objective on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. JPMorgan Chase & Co. lifted their target price on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Mizuho cut their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. DA Davidson dropped their target price on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Piper Sandler cut their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Company 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.