Yousif Capital Management LLC Has $47.89 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Yousif Capital Management LLC reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,670 shares of the home improvement retailer's stock after selling 1,262 shares during the period. Home Depot makes up approximately 0.6% of Yousif Capital Management LLC's holdings, making the stock its 25th largest holding. Yousif Capital Management LLC's holdings in Home Depot were worth $47,889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Home Depot in the 1st quarter valued at approximately $13,856,000. Parisi Gray Wealth Management raised its position in shares of Home Depot by 12.3% in the 1st quarter. Parisi Gray Wealth Management now owns 13,811 shares of the home improvement retailer's stock valued at $5,061,000 after purchasing an additional 1,515 shares in the last quarter. Octavia Wealth Advisors LLC raised its position in shares of Home Depot by 2.5% in the 1st quarter. Octavia Wealth Advisors LLC now owns 2,935 shares of the home improvement retailer's stock valued at $1,076,000 after purchasing an additional 72 shares in the last quarter. Investment Advisory Group LLC increased its holdings in shares of Home Depot by 4.2% in the 1st quarter. Investment Advisory Group LLC now owns 724 shares of the home improvement retailer's stock valued at $265,000 after acquiring an additional 29 shares during the last quarter. Finally, International Private Wealth Advisors LLC increased its holdings in shares of Home Depot by 49.1% in the 1st quarter. International Private Wealth Advisors LLC now owns 1,730 shares of the home improvement retailer's stock valued at $634,000 after acquiring an additional 570 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of Home Depot stock traded down $7.56 during trading on Wednesday, hitting $360.35. The stock had a trading volume of 3,789,459 shares, compared to its average volume of 3,413,105. 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 firm has a market cap of $358.52 billion, a P/E ratio of 24.48, a PEG ratio of 4.03 and a beta of 1.02. The business has a fifty day moving average of $361.75 and a two-hundred day moving average of $383.94. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.63 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.55%. Home Depot's dividend payout ratio (DPR) is 62.42%.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction 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 now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Mizuho lowered their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. KGI Securities upgraded Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Robert W. Baird lowered their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Truist Financial boosted their price target on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Seven equities 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 stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

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.