Baugh & Associates LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,078 shares of the home improvement retailer's stock after buying an additional 2,039 shares during the quarter. Home Depot accounts for about 4.8% of Baugh & Associates LLC's portfolio, making the stock its 4th largest holding. Baugh & Associates LLC's holdings in Home Depot were worth $9,557,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Navigoe LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the fourth quarter valued at $32,000. Quarry LP increased its holdings in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new position in shares of Home Depot in the fourth quarter worth about $39,000. Finally, NewSquare Capital LLC raised its position in shares of Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after acquiring an additional 68 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on HD shares. Mizuho cut their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Friday, June 20th. Evercore ISI set a $400.00 price objective on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Truist Financial upped their target price on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $426.77.
View Our Latest Stock Report on HD
Insider Buying and Selling
In other news, 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 transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company'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 transaction, the executive vice president now directly owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents 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 owned by insiders.
Home Depot Price Performance
Shares of HD opened at $361.96 on Thursday. The firm has a 50-day simple moving average of $363.10 and a two-hundred day simple moving average of $378.66. The stock has a market cap of $360.12 billion, a PE ratio of 24.56, a P/E/G ratio of 3.43 and a beta of 1.02. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.
Home Depot (NYSE:HD - Get Free Report) last announced its 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). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the previous year, the firm earned $3.63 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.
Home Depot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.
Home Depot Company Profile
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Free Report)
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.
See Also
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