Catalina Capital Group LLC Reduces Stock Position in The Home Depot, Inc. (NYSE:HD)

Catalina Capital Group LLC decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 50.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,218 shares of the home improvement retailer's stock after selling 3,320 shares during the period. Home Depot makes up approximately 0.8% of Catalina Capital Group LLC's holdings, making the stock its 27th biggest position. Catalina Capital Group LLC's holdings in Home Depot were worth $1,179,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Well Done LLC boosted its stake in Home Depot by 9.6% in the 1st quarter. Well Done LLC now owns 2,686 shares of the home improvement retailer's stock worth $1,045,000 after purchasing an additional 236 shares in the last quarter. Sterling Investment Counsel LLC grew its stake in shares of Home Depot by 139.4% in the first quarter. Sterling Investment Counsel LLC now owns 4,644 shares of the home improvement retailer's stock worth $1,702,000 after acquiring an additional 2,704 shares during the period. Janney Capital Management LLC raised its holdings in shares of Home Depot by 26.6% during the first quarter. Janney Capital Management LLC now owns 36,508 shares of the home improvement retailer's stock valued at $13,380,000 after purchasing an additional 7,671 shares during the last quarter. Harrell Investment Partners LLC lifted its position in Home Depot by 0.9% during the first quarter. Harrell Investment Partners LLC now owns 20,803 shares of the home improvement retailer's stock valued at $7,624,000 after purchasing an additional 180 shares during the period. Finally, Centennial Wealth Advisory LLC lifted its position in Home Depot by 6.1% during the first quarter. Centennial Wealth Advisory LLC now owns 612 shares of the home improvement retailer's stock valued at $224,000 after purchasing an additional 35 shares during the period. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HD. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and increased their price objective for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. DA Davidson lowered their price objective on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Piper Sandler lowered their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Price Performance

NYSE HD traded up $3.18 on Friday, reaching $350.21. The company had a trading volume of 8,001,951 shares, compared to its average volume of 3,436,931. 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 has a market capitalization of $348.44 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.30 and a beta of 1.02. The firm's 50 day moving average price is $362.65 and its 200 day moving average price is $380.08. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.63 earnings per share. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.63%. Home Depot's dividend payout ratio is currently 62.42%.

Home Depot Profile

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.