The Home Depot, Inc. (NYSE:HD) Stock Position Raised by Versant Capital Management Inc

Versant Capital Management Inc increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 25.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,219 shares of the home improvement retailer's stock after buying an additional 1,672 shares during the period. Versant Capital Management Inc's holdings in Home Depot were worth $3,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Citizens Financial Corp increased its stake in Home Depot by 1.0% during the 1st quarter. First Citizens Financial Corp now owns 5,373 shares of the home improvement retailer's stock worth $1,969,000 after buying an additional 52 shares during the period. Insight Wealth Strategies LLC increased its stake in Home Depot by 1.0% during the 1st quarter. Insight Wealth Strategies LLC now owns 11,608 shares of the home improvement retailer's stock worth $4,254,000 after buying an additional 118 shares during the period. Lederer & Associates Investment Counsel CA increased its stake in Home Depot by 10.7% during the 1st quarter. Lederer & Associates Investment Counsel CA now owns 2,929 shares of the home improvement retailer's stock worth $1,073,000 after buying an additional 284 shares during the period. Hobart Private Capital LLC increased its stake in Home Depot by 6.7% during the 1st quarter. Hobart Private Capital LLC now owns 555 shares of the home improvement retailer's stock worth $203,000 after buying an additional 35 shares during the period. Finally, Trust Co of the South increased its stake in Home Depot by 1.0% during the 1st quarter. Trust Co of the South now owns 3,749 shares of the home improvement retailer's stock worth $1,374,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred 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 now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, 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 disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and boosted their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Jefferies Financial Group dropped their target price on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Wells Fargo & Company dropped their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Robert W. Baird dropped their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Finally, Piper Sandler dropped their target price on shares of 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 equities research 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Price Performance

Shares of Home Depot stock traded down $1.01 on Monday, hitting $367.28. The company had a trading volume of 1,637,097 shares, compared to its average volume of 3,418,085. The business has a 50-day simple moving average of $360.92 and a 200-day simple moving average of $385.73. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $365.41 billion, a PE ratio of 24.95, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37.

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 (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $3.63 earnings per share. Research analysts expect 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 will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend 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 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.