The Home Depot, Inc. (NYSE:HD) Stock Holdings Increased by Capital Investment Advisors LLC

Capital Investment Advisors LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 242,968 shares of the home improvement retailer's stock after acquiring an additional 9,716 shares during the quarter. Home Depot comprises approximately 1.7% of Capital Investment Advisors LLC's holdings, making the stock its 8th largest holding. Capital Investment Advisors LLC's holdings in Home Depot were worth $89,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the fourth quarter valued at approximately $28,000. Navigoe LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $32,000. Quarry LP raised its holdings in 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 stake in Home Depot in the fourth quarter worth $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HD shares. Guggenheim reiterated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Jefferies Financial Group dropped their price target on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Mizuho reduced their price objective on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Piper Sandler dropped their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Finally, Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and upped their target price for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Seven equities research 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 company. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot 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 now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. 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 $367.45 on Friday. The company has a 50 day moving average of $361.63 and a two-hundred day moving average of $384.62. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. 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 $365.59 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the business 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 predict 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 announced 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 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Home Depot Company 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.

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