Sfm LLC Buys Shares of 3,716 The Home Depot, Inc. (NYSE:HD)

SFM LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,716 shares of the home improvement retailer's stock, valued at approximately $1,362,000. Home Depot makes up approximately 1.0% of SFM LLC's investment portfolio, making the stock its 28th largest position.

A number of other large investors have also recently added to or reduced their stakes in HD. Center for Financial Planning Inc. increased its position in Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after purchasing an additional 24 shares during the period. Wealth Group Ltd. increased its position in Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after purchasing an additional 27 shares during the period. Members Trust Co increased its position in Home Depot by 1.0% during the 4th quarter. Members Trust Co now owns 2,692 shares of the home improvement retailer's stock valued at $1,047,000 after purchasing an additional 27 shares during the period. Sollinda Capital Management LLC increased its position in Home Depot by 2.5% during the 4th quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock valued at $434,000 after purchasing an additional 27 shares during the period. Finally, Hurlow Wealth Management Group Inc. grew its position in shares of 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 buying an additional 27 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's 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 completion of the transaction, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

Shares of Home Depot stock traded down $9.06 during trading hours on Friday, reaching $354.10. 3,362,684 shares of the company's stock were exchanged, compared to its average volume of 3,408,835. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market capitalization of $352.31 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The business has a fifty day moving average of $362.73 and a two-hundred day moving average of $382.50. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last released 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). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the previous year, the company earned $3.63 EPS. Home Depot's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their price objective 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. Wells Fargo & Company lowered their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Sanford C. Bernstein restated a "market perform" rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $426.77.

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.