The Home Depot, Inc. (NYSE:HD) Shares Purchased by Crystal Rock Capital Management

Crystal Rock Capital Management raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,447 shares of the home improvement retailer's stock after acquiring an additional 1,050 shares during the period. Home Depot accounts for about 2.4% of Crystal Rock Capital Management's investment portfolio, making the stock its 18th biggest holding. Crystal Rock Capital Management's holdings in Home Depot were worth $3,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in HD. Financial Gravity Asset Management Inc. acquired a new position in shares of Home Depot during the first quarter worth approximately $406,000. Wealth Management Partners LLC lifted its stake in shares of Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares during the period. Arbor Capital Management Inc. ADV boosted its holdings in shares of Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after acquiring an additional 221 shares in the last quarter. Disciplined Investors L.L.C. acquired a new position in shares of Home Depot during the fourth quarter valued at approximately $409,000. Finally, ARS Wealth Advisors Group LLC raised its holdings in Home Depot by 0.8% during the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after purchasing an additional 239 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

HD traded up $3.87 during midday trading on Tuesday, reaching $367.91. 613,830 shares of the company's stock were exchanged, compared to its average volume of 3,432,076. 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 business has a 50-day simple moving average of $366.03 and a two-hundred day simple moving average of $374.29. The firm has a market capitalization of $366.04 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 3.42 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

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

Home Depot Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. Home Depot's dividend payout ratio is 62.42%.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction 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 of the company's stock, valued at approximately $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. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird cut their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Guggenheim reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Truist Financial upped their price objective 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 equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.

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