TFR Capital LLC. Acquires 1,077 Shares of The Home Depot, Inc. (NYSE:HD)

TFR Capital LLC. raised its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 49.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,245 shares of the home improvement retailer's stock after purchasing an additional 1,077 shares during the period. TFR Capital LLC.'s holdings in Home Depot were worth $1,189,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Dock Street Asset Management Inc. raised its position in Home Depot by 1.9% in the 1st quarter. Dock Street Asset Management Inc. now owns 2,490 shares of the home improvement retailer's stock valued at $913,000 after purchasing an additional 46 shares during the last quarter. V2 Financial group LLC boosted its position in shares of Home Depot by 7.7% during the first quarter. V2 Financial group LLC now owns 700 shares of the home improvement retailer's stock worth $257,000 after buying an additional 50 shares during the period. Iron Horse Wealth Management LLC raised its holdings in Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares in the last quarter. TruNorth Capital Management LLC raised its stake in Home Depot by 31.6% in the first quarter. TruNorth Capital Management LLC now owns 150 shares of the home improvement retailer's stock valued at $55,000 after buying an additional 36 shares during the period. Finally, Financial Security Advisor Inc. raised its stake in Home Depot by 12.1% in the first quarter. Financial Security Advisor Inc. now owns 1,945 shares of the home improvement retailer's stock valued at $713,000 after buying an additional 210 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Home Depot stock traded down $9.62 during trading on Tuesday, hitting $360.49. The stock had a trading volume of 2,145,464 shares, compared to its average volume of 3,425,095. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. 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 stock's 50 day moving average is $366.32 and its two-hundred day moving average is $375.13. The stock has a market cap of $358.66 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 3.52 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 EPS 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 firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the previous year, the company posted $3.63 EPS. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid 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 2.55%. Home Depot's payout ratio is 62.42%.

Insider Activity at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the company'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 transaction, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company'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 value of $1,996,327.68. Following the completion of the transaction, the executive vice president owned 17,367 shares in the company, 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. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HD shares. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and increased their target price for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Gordon Haskett raised their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Truist Financial raised their target price on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. DA Davidson lowered their price objective on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Guggenheim restated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price 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.