Montag A & Associates Inc. Buys 1,032 Shares of The Home Depot, Inc. (NYSE:HD)

Montag A & Associates Inc. increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,021 shares of the home improvement retailer's stock after acquiring an additional 1,032 shares during the period. Home Depot makes up about 1.4% of Montag A & Associates Inc.'s holdings, making the stock its 10th largest holding. Montag A & Associates Inc.'s holdings in Home Depot were worth $28,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of HD. Financial Gravity Asset Management Inc. purchased a new position in shares of Home Depot during the first quarter worth about $406,000. Wealth Management Partners LLC grew its holdings in shares of 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 purchasing an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV grew its holdings in shares of Home Depot by 4.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after purchasing an additional 221 shares during the last quarter. Disciplined Investors L.L.C. purchased a new position in shares of Home Depot during the fourth quarter worth about $409,000. Finally, ARS Wealth Advisors Group LLC grew its holdings in shares of 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 purchasing an additional 239 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and lifted their price objective for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Evercore ISI set a $400.00 price objective on Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Truist Financial lifted their price objective on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, Royal Bank Of Canada lowered their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Activity at Home Depot

In other news, 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 value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president owned 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. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Shares of HD stock opened at $359.32 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month 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 firm has a market capitalization of $357.50 billion, a P/E ratio of 24.38, a P/E/G ratio of 3.42 and a beta of 1.00. The company's fifty day moving average price is $366.03 and its two-hundred day moving average price is $374.38.

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 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 for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.63 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.56%. Home Depot's dividend payout ratio (DPR) is 62.42%.

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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