The Home Depot, Inc. (NYSE:HD) Holdings Lowered by First City Capital Management Inc.

First City Capital Management Inc. decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 37.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,314 shares of the home improvement retailer's stock after selling 9,857 shares during the quarter. Home Depot makes up 3.6% of First City Capital Management Inc.'s holdings, making the stock its 4th largest position. First City Capital Management Inc.'s holdings in Home Depot were worth $5,979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of HD. K.J. Harrison & Partners Inc boosted its stake in shares of Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after acquiring an additional 3,590 shares in the last quarter. Wealth Management Partners LLC boosted its position in Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after purchasing an additional 36 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Home Depot by 19.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after buying an additional 3,873 shares in the last quarter. Disciplined Investors L.L.C. purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $409,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $3,193,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. DA Davidson decreased their price objective on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Wedbush reaffirmed an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. 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 on the stock in a research note on Thursday, May 15th. Finally, Truist Financial raised their price target on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

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 shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

NYSE:HD opened at $367.45 on Friday. The Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $365.59 billion, a P/E ratio of 24.96, a P/E/G ratio of 4.03 and a beta of 1.02. The stock's fifty day moving average is $361.63 and its two-hundred day moving average is $384.72.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (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 net margin of 9.45% and a return on equity of 452.60%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.63 earnings per share. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

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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