Liberty One Investment Management LLC Purchases 803 Shares of The Home Depot, Inc. (NYSE:HD)

Liberty One Investment Management LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,905 shares of the home improvement retailer's stock after purchasing 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 reporting period.

Other institutional investors also recently modified their holdings of the company. Sollinda Capital Management LLC raised its position in Home Depot by 2.5% in the 4th quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock valued at $434,000 after buying an additional 27 shares during the last quarter. Hurlow Wealth Management Group Inc. raised its position in Home Depot by 1.3% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock valued at $831,000 after buying an additional 27 shares during the last quarter. Invst LLC raised its position in Home Depot by 0.4% in the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after buying an additional 28 shares during the last quarter. Financial Insights Inc. raised its position in Home Depot by 3.3% in the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after buying an additional 28 shares during the last quarter. Finally, Wayfinding Financial LLC raised its position in Home Depot by 1.2% in the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after buying an additional 28 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE:HD traded up $2.93 on Wednesday, hitting $370.43. The company's stock had a trading volume of 3,373,090 shares, compared to its average volume of 3,438,683. The company has a market capitalization of $368.55 billion, a PE ratio of 25.13, a PEG ratio of 3.49 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a 50-day simple moving average of $365.52 and a 200 day simple moving average of $375.92.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly 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 during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $3.63 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. Home Depot's dividend payout ratio is currently 62.42%.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred 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 sale, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president owned 7,951 shares in the company, valued at $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 currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group decreased their target price on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Guggenheim reaffirmed a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 target price (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Truist Financial raised their target price on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Monday, June 30th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.