SOA Wealth Advisors LLC. Boosts Position in The Home Depot, Inc. (NYSE:HD)

SOA Wealth Advisors LLC. boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 790.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,199 shares of the home improvement retailer's stock after acquiring an additional 26,807 shares during the quarter. Home Depot accounts for 1.3% of SOA Wealth Advisors LLC.'s portfolio, making the stock its 17th biggest holding. SOA Wealth Advisors LLC.'s holdings in Home Depot were worth $11,068,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HD. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot in the fourth quarter worth about $28,000. Navigoe LLC purchased a new stake in Home Depot in the fourth quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot in the fourth quarter worth about $32,000. Quarry LP increased its position in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares in the last quarter. Finally, Sellwood Investment Partners LLC purchased a new stake in Home Depot in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity

In other news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $367.45 on Friday. The stock has a 50 day moving average of $361.63 and a 200 day moving average of $384.62. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm has a market cap of $365.59 billion, a PE ratio of 24.96, a PEG ratio of 4.03 and a beta of 1.02. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 earnings per share. On average, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Wall Street Analyst Weigh In

HD has been the subject of a number of analyst reports. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Wells Fargo & Company cut their target price on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Royal Bank of Canada cut their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Finally, Piper Sandler cut their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.

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