The Home Depot, Inc. (NYSE:HD) is Planning Directions Inc.'s 10th Largest Position

Planning Directions Inc. grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 926.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,534 shares of the home improvement retailer's stock after acquiring an additional 13,118 shares during the quarter. Home Depot comprises about 2.3% of Planning Directions Inc.'s portfolio, making the stock its 10th largest position. Planning Directions Inc.'s holdings in Home Depot were worth $5,326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Brighton Jones LLC increased its stake in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock worth $4,747,000 after acquiring an additional 565 shares in the last quarter. Proficio Capital Partners LLC increased its position in Home Depot by 11.1% during the 4th quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer's stock valued at $4,102,000 after purchasing an additional 1,055 shares during the period. Rialto Wealth Management LLC purchased a new position in Home Depot during the 4th quarter valued at about $261,000. Finally, Coordinated Financial Services Inc. purchased a new position in Home Depot during the 4th quarter valued at about $1,001,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of NYSE:HD traded down $4.17 during trading on Monday, hitting $367.51. 3,431,640 shares of the stock traded hands, compared to its average volume of 3,438,169. 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 company has a market cap of $365.65 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 3.53 and a beta of 1.00. The company has a fifty day moving average price of $365.14 and a two-hundred day moving average price of $376.15. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results 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). The firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. Home Depot's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $3.63 earnings per share. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 directly owned 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Guggenheim reissued 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 shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Truist Financial raised their target price 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. Gordon Haskett increased their price objective on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Finally, TD Securities lowered shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus 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.