Tabor Asset Management LP Invests $5.89 Million in The Home Depot, Inc. (NYSE:HD)

Tabor Asset Management LP bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 16,061 shares of the home improvement retailer's stock, valued at approximately $5,886,000. Home Depot accounts for approximately 1.5% of Tabor Asset Management LP's investment portfolio, making the stock its 15th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Navigoe LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $29,000. Abound Financial LLC bought a new stake in Home Depot during the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC increased its position in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after purchasing an additional 46 shares during the period. Quarry LP grew its position in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares during the last quarter. Finally, Sellwood Investment Partners LLC acquired a new stake in Home Depot in the 4th quarter worth approximately $39,000. Institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HD shares. Truist Financial lifted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Jefferies Financial Group reduced their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Monday, June 30th. Robert W. Baird decreased their price objective on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Finally, Wells Fargo & Company set a $420.00 target price on Home Depot and gave the stock an "overweight" rating in a research report on Monday, June 30th. Seven 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 stock has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's 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 completion of the transaction, the executive vice president owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Stock Performance

NYSE:HD traded down $2.38 during trading hours on Thursday, reaching $373.97. The company had a trading volume of 1,047,024 shares, compared to its average volume of 3,547,973. The firm's 50 day moving average price is $365.82 and its 200-day moving average price is $374.10. The firm has a market cap of $372.08 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.53 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.46%. 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.