The Home Depot, Inc. (NYSE:HD) Holdings Lifted by Liberty One Investment Management LLC

Liberty One Investment Management LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,905 shares of the home improvement retailer's stock after buying an additional 803 shares during the quarter. Liberty One Investment Management LLC's holdings in Home Depot were worth $4,729,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HD. Navigoe LLC purchased a new stake in Home Depot in the 4th quarter valued at about $29,000. Abound Financial LLC purchased a new stake in Home Depot in the 1st quarter valued at about $31,000. Quarry LP grew its holdings in Home Depot by 220.0% in 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. Sellwood Investment Partners LLC purchased a new stake in Home Depot in the 4th quarter valued at about $39,000. Finally, Spurstone Advisory Services LLC purchased a new stake in Home Depot in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity at Home Depot

In related news, 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 transaction of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 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 disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Monday, June 30th. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Piper Sandler decreased their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Finally, Robert W. Baird decreased their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Down 1.1%

Shares of HD traded down $4.27 during trading on Friday, reaching $369.03. The company's stock had a trading volume of 880,795 shares, compared to its average volume of 3,430,475. The company has a fifty day moving average of $366.03 and a two-hundred day moving average of $375.75. 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 $367.16 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 3.53 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company posted $3.63 earnings per share. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Thursday, June 5th. 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.