The Home Depot, Inc. (NYSE:HD) Stock Position Increased by Xcel Wealth Management LLC

Xcel Wealth Management LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,420 shares of the home improvement retailer's stock after acquiring an additional 2,236 shares during the period. Home Depot accounts for about 3.6% of Xcel Wealth Management LLC's portfolio, making the stock its 6th largest position. Xcel Wealth Management LLC's holdings in Home Depot were worth $11,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. MBM Wealth Consultants LLC lifted its stake in shares of Home Depot by 0.9% in the first quarter. MBM Wealth Consultants LLC now owns 4,524 shares of the home improvement retailer's stock valued at $1,658,000 after buying an additional 42 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Home Depot by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 85,434 shares of the home improvement retailer's stock worth $31,311,000 after acquiring an additional 279 shares during the last quarter. Clark Asset Management LLC lifted its position in Home Depot by 50.8% in the 1st quarter. Clark Asset Management LLC now owns 2,439 shares of the home improvement retailer's stock valued at $894,000 after acquiring an additional 822 shares in the last quarter. Able Wealth Management LLC boosted its stake in Home Depot by 117.4% during the 1st quarter. Able Wealth Management LLC now owns 1,459 shares of the home improvement retailer's stock valued at $535,000 after purchasing an additional 788 shares during the last quarter. Finally, Smart Money Group LLC increased its holdings in Home Depot by 27.0% during the 1st quarter. Smart Money Group LLC now owns 2,821 shares of the home improvement retailer's stock worth $1,034,000 after purchasing an additional 600 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

NYSE:HD traded down $0.49 during trading hours on Friday, hitting $371.36. 2,573,629 shares of the company were exchanged, compared to its average volume of 3,438,130. The company's 50 day moving average price is $364.86 and its 200-day moving average price is $376.59. The stock has a market capitalization of $369.47 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.54 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the firm posted $3.63 earnings per share. The company's revenue was up 9.4% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada dropped their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Wells Fargo & Company set a $420.00 price objective on Home Depot and gave the company an "overweight" rating in a research note on Monday. Piper Sandler reduced 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 note on Monday, March 24th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Monday. 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. According to MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 directly owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.