QV Investors Inc. Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

QV Investors Inc. lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 7.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,717 shares of the home improvement retailer's stock after selling 740 shares during the period. QV Investors Inc.'s holdings in Home Depot were worth $3,561,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the 4th quarter valued at $28,000. Navigoe LLC purchased a new stake in Home Depot during the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at $32,000. Quarry LP lifted its holdings in shares of Home Depot by 220.0% during 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 period. Finally, Marshall Investment Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's 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 transaction, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale 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 company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Up 0.2%

Shares of NYSE HD traded up $0.81 during mid-day trading on Thursday, reaching $370.91. The company had a trading volume of 710,812 shares, compared to its average volume of 3,401,867. The stock has a market cap of $369.03 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37. The business's 50-day moving average is $361.54 and its 200-day moving average is $385.28. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $3.63 earnings per share. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 yield of 2.48%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial increased their price target on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Telsey Advisory Group reissued an "outperform" rating on shares of Home Depot in a report on Monday. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and increased their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their target price on Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.