Private Advisor Group LLC Purchases 2,937 Shares of The Home Depot, Inc. (NYSE:HD)

Private Advisor Group LLC lifted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,881 shares of the home improvement retailer's stock after acquiring an additional 2,937 shares during the quarter. Private Advisor Group LLC's holdings in Home Depot were worth $47,967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hurlow Wealth Management Group Inc. boosted its holdings in Home Depot by 1.3% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock valued at $831,000 after purchasing an additional 27 shares in the last quarter. Invst LLC lifted its holdings in Home Depot by 0.4% during 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 in the last quarter. Financial Insights Inc. increased its position in shares of Home Depot by 3.3% in the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after buying an additional 28 shares in the last quarter. Wayfinding Financial LLC increased its position in shares of Home Depot by 1.2% in the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after buying an additional 28 shares in the last quarter. Finally, Pure Portfolios Holdings LLC increased its position in shares of Home Depot by 4.7% in the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 28 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. Gordon Haskett upped their price objective on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Piper Sandler lowered their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. DA Davidson lowered their price objective on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Royal Bank Of Canada lowered their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Finally, Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and increased their target price for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Price Performance

Shares of NYSE HD traded down $0.47 during midday trading on Friday, reaching $358.57. The company's stock had a trading volume of 865,986 shares, compared to its average volume of 3,424,660. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The business's 50 day moving average price is $366.09 and its two-hundred day moving average price is $374.69. The company has a market cap of $356.76 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.40 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The business 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 firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.63 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.57%. Home Depot's payout ratio is presently 62.42%.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction 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 transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction 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 transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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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