Oppenheimer & Co. Inc. Acquires 4,757 Shares of The Home Depot, Inc. (NYSE:HD)

Oppenheimer & Co. Inc. grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,967 shares of the home improvement retailer's stock after buying an additional 4,757 shares during the period. Home Depot makes up about 0.7% of Oppenheimer & Co. Inc.'s holdings, making the stock its 17th biggest holding. Oppenheimer & Co. Inc.'s holdings in Home Depot were worth $47,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Group Ltd. raised its holdings in Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after purchasing an additional 27 shares in the last quarter. Sollinda Capital Management LLC raised its holdings in Home Depot by 2.5% in the 4th quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock worth $434,000 after purchasing an additional 27 shares in the last quarter. Hurlow Wealth Management Group Inc. raised its holdings in Home Depot by 1.3% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock worth $831,000 after purchasing an additional 27 shares in the last quarter. Invst LLC grew its position in shares of Home Depot by 0.4% in the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after buying an additional 28 shares during the period. Finally, Fi3 FINANCIAL ADVISORS LLC grew its position in shares of Home Depot by 2.0% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,484 shares of the home improvement retailer's stock worth $577,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity

In other news, 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 value of $1,996,327.68. Following the transaction, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred on 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 now owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Home Depot Stock Up 1.0%

HD stock traded up $3.57 during trading on Tuesday, hitting $360.53. 4,088,327 shares of the stock traded hands, compared to its average volume of 3,425,237. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm's 50 day moving average is $362.79 and its two-hundred day moving average is $378.77. The stock has a market cap of $358.70 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.63 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is presently 62.42%.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. DA Davidson reduced their target price on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Truist Financial upped their target price on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Mizuho reduced their target price on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.