OneDigital Investment Advisors LLC cut its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,365 shares of the home improvement retailer's stock after selling 1,044 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Home Depot were worth $11,129,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Avantax Planning Partners Inc. boosted its position in Home Depot by 3.4% during the 1st quarter. Avantax Planning Partners Inc. now owns 27,696 shares of the home improvement retailer's stock worth $10,150,000 after acquiring an additional 919 shares during the period. Silver Oak Securities Incorporated raised its stake in shares of Home Depot by 45.9% during the first quarter. Silver Oak Securities Incorporated now owns 10,725 shares of the home improvement retailer's stock valued at $3,841,000 after purchasing an additional 3,372 shares in the last quarter. Calamos Wealth Management LLC lifted its holdings in Home Depot by 0.5% in the first quarter. Calamos Wealth Management LLC now owns 62,992 shares of the home improvement retailer's stock worth $23,086,000 after purchasing an additional 319 shares during the period. Calamos Advisors LLC grew its position in Home Depot by 1.0% in the 1st quarter. Calamos Advisors LLC now owns 257,306 shares of the home improvement retailer's stock valued at $94,300,000 after buying an additional 2,442 shares in the last quarter. Finally, Cohen Investment Advisors LLC increased its stake in Home Depot by 11.8% during the 1st quarter. Cohen Investment Advisors LLC now owns 10,015 shares of the home improvement retailer's stock valued at $3,670,000 after buying an additional 1,056 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on HD. TD Securities cut shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. DA Davidson lowered their price target on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Morgan Stanley restated an "overweight" rating and issued a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Finally, Truist Financial lifted their target price on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $426.77.
Read Our Latest Stock Analysis on HD
Home Depot Price Performance
HD opened at $371.36 on Friday. The firm has a market capitalization of $369.47 billion, a P/E ratio of 25.19, a PEG ratio of 3.53 and a beta of 1.00. The stock has a fifty day moving average of $365.14 and a 200-day moving average of $376.33. 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 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 data 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 business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the prior year, the company posted $3.63 earnings per share. The firm's revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.
Home Depot Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is presently 62.42%.
Insider Activity 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 transaction of $954,564.00. Following the completion of the sale, the executive vice president owned 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the executive vice president directly owned 17,367 shares in the company, valued at $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. 0.10% of the stock is currently owned by corporate insiders.
Home Depot Company Profile
(
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
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Home Depot, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Home Depot wasn't on the list.
While Home Depot currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
