Value Partners Investments Inc. Has $22.35 Million Stake in The Home Depot, Inc. (NYSE:HD)

Value Partners Investments Inc. lifted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 1,059.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,903 shares of the home improvement retailer's stock after buying an additional 55,652 shares during the quarter. Home Depot comprises approximately 1.9% of Value Partners Investments Inc.'s holdings, making the stock its 19th largest position. Value Partners Investments Inc.'s holdings in Home Depot were worth $22,345,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HD. Navigoe LLC bought a new position in shares of Home Depot during the 4th quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot in the 4th quarter valued at $32,000. Quarry LP raised its position in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new stake in Home Depot during the fourth quarter valued at approximately $39,000. Finally, NewSquare Capital LLC grew its position in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after acquiring an additional 68 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 1.4%

Shares of HD traded up $4.99 on Friday, reaching $368.49. 1,104,294 shares of the company's stock were exchanged, compared to its average volume of 3,412,546. The business has a 50 day moving average price of $363.28 and a two-hundred day moving average price of $378.21. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market capitalization of $366.62 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 3.44 and a beta of 1.02. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $3.63 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HD. Morgan Stanley reissued an "overweight" rating and set a $415.00 price target (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Wells Fargo & Company reduced their target price on Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Gordon Haskett raised their price target on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Finally, Piper Sandler cut their price objective 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. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Insider Activity at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm'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 sale, the executive vice president now owns 7,951 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot 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 owns 17,367 shares in the company, valued at approximately $6,413,285.76. This 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

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.