Fidelis Capital Partners LLC Has $4.49 Million Stake in The Home Depot, Inc. (NYSE:HD)

Fidelis Capital Partners LLC grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,546 shares of the home improvement retailer's stock after buying an additional 1,554 shares during the period. Fidelis Capital Partners LLC's holdings in Home Depot were worth $4,486,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Navigoe LLC bought a new stake in shares of Home Depot in the fourth quarter worth about $29,000. Abound Financial LLC bought a new position in shares of Home Depot during the first quarter worth about $31,000. Quarry LP raised its position in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares during the last quarter. Sellwood Investment Partners LLC bought a new stake in Home Depot in the 4th quarter valued at approximately $39,000. Finally, Spurstone Advisory Services LLC acquired a new position in Home Depot during the 4th quarter worth approximately $45,000. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HD. Morgan Stanley restated an "overweight" rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an "overweight" rating in a research report on Monday, June 30th. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and upped their price objective for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Piper Sandler cut their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Seven 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, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $426.77.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The stock was 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 directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 value 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. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Price Performance

HD traded up $0.23 during trading on Monday, hitting $370.30. 2,470,384 shares of the stock traded hands, compared to its average volume of 3,570,178. The business has a 50 day moving average price of $366.14 and a 200 day moving average price of $375.29. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a market cap of $368.42 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 3.52 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced 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). The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.63 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business 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. This represents a $9.20 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio 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.