RWQ Financial Management Services Inc. Has $3.15 Million Position in The Home Depot, Inc. (NYSE:HD)

RWQ Financial Management Services Inc. trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 32.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,590 shares of the home improvement retailer's stock after selling 4,063 shares during the quarter. Home Depot accounts for 2.1% of RWQ Financial Management Services Inc.'s portfolio, making the stock its 13th largest holding. RWQ Financial Management Services Inc.'s holdings in Home Depot were worth $3,148,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock worth $4,747,000 after buying an additional 565 shares in the last quarter. Evoke Wealth LLC boosted its stake in Home Depot by 2.0% during the fourth quarter. Evoke Wealth LLC now owns 4,128 shares of the home improvement retailer's stock worth $1,606,000 after buying an additional 80 shares in the last quarter. Brooklyn FI LLC acquired a new stake in Home Depot during the fourth quarter worth $2,312,000. Finally, VSM Wealth Advisory LLC acquired a new stake in Home Depot during the fourth quarter worth $996,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HD. Guggenheim reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Morgan Stanley reissued an "overweight" rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Robert W. Baird cut their price objective on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Monday, June 30th. Finally, Piper Sandler cut their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Seven investment 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Activity at Home Depot

In related 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 directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $954,564.00. Following the completion of the transaction, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Trading Up 0.1%

HD stock traded up $0.28 during midday trading on Friday, reaching $359.32. The stock had a trading volume of 3,360,940 shares, compared to its average volume of 3,434,372. The business has a fifty day simple moving average of $366.09 and a two-hundred day simple moving average of $374.69. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The firm has a market cap of $357.50 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 3.40 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

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

Home Depot Announces Dividend

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

Home Depot 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.