The Home Depot, Inc. (NYSE:HD) Holdings Cut by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,527 shares of the home improvement retailer's stock after selling 883 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Home Depot were worth $7,523,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HD. Lynch & Associates IN raised its holdings in Home Depot by 7.4% in the 1st quarter. Lynch & Associates IN now owns 6,654 shares of the home improvement retailer's stock valued at $2,439,000 after acquiring an additional 461 shares during the last quarter. Strategic Advisors LLC raised its holdings in Home Depot by 4.6% in the 1st quarter. Strategic Advisors LLC now owns 45,383 shares of the home improvement retailer's stock valued at $16,632,000 after acquiring an additional 2,001 shares during the last quarter. RS Crum Inc. raised its holdings in Home Depot by 6.0% in the 1st quarter. RS Crum Inc. now owns 1,294 shares of the home improvement retailer's stock valued at $474,000 after acquiring an additional 73 shares during the last quarter. Vista Investment Partners LLC raised its holdings in Home Depot by 1.3% in the 1st quarter. Vista Investment Partners LLC now owns 11,870 shares of the home improvement retailer's stock valued at $4,350,000 after acquiring an additional 153 shares during the last quarter. Finally, Vicus Capital raised its holdings in Home Depot by 6.2% in the 1st quarter. Vicus Capital now owns 1,983 shares of the home improvement retailer's stock valued at $727,000 after acquiring an additional 115 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.7%

Home Depot stock traded down $2.37 during trading on Wednesday, reaching $346.41. 4,424,277 shares of the company's stock were exchanged, compared to its average volume of 3,419,346. 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 company's 50-day moving average is $363.01 and its two-hundred day moving average is $381.43. The firm has a market cap of $344.65 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 3.32 and a beta of 1.02. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $39.86 billion during 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.63 earnings per share. On average, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.66%. Home Depot's payout ratio is 62.42%.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated 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 now directly owns 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HD. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and boosted their price target for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Royal Bank Of Canada cut their price target 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. Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Truist Financial boosted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

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.