Telos Capital Management Inc. Acquires 885 Shares of The Home Depot, Inc. (NYSE:HD)

Telos Capital Management Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 57,682 shares of the home improvement retailer's stock after buying an additional 885 shares during the period. Home Depot makes up about 2.3% of Telos Capital Management Inc.'s investment portfolio, making the stock its 4th largest position. Telos Capital Management Inc.'s holdings in Home Depot were worth $21,140,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HD. Navigoe LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $29,000. Abound Financial LLC purchased a new stake in shares of Home Depot during the first quarter valued at approximately $31,000. Quarry LP raised its stake in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the period. Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $39,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. This represents 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 Price Performance

Shares of NYSE:HD traded down $3.15 during trading hours on Friday, hitting $370.15. 3,068,031 shares of the company's stock traded hands, compared to its average volume of 3,433,785. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. 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 fifty day simple moving average is $366.14 and its two-hundred day simple moving average is $375.57. The company has a market cap of $368.27 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00.

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 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 for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter last year, the business posted $3.63 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate 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. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.49%. Home Depot's dividend payout ratio (DPR) is 62.42%.

Analysts Set New Price Targets

HD has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Royal Bank Of Canada decreased their price target on shares of 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. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Monday, June 30th. Mizuho decreased their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Finally, Truist Financial raised their price target 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. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.