Yukon Wealth Management Inc. Buys Shares of 994 The Home Depot, Inc. (NYSE:HD)

Yukon Wealth Management Inc. acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 994 shares of the home improvement retailer's stock, valued at approximately $364,000.

Several other large investors have also recently modified their holdings of the stock. Wealth Management Partners LLC grew its stake in shares of Home Depot by 0.6% during the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after purchasing an additional 36 shares during the period. Ashton Thomas Private Wealth LLC boosted its stake in Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after purchasing an additional 3,873 shares during the period. Disciplined Investors L.L.C. bought a new position in Home Depot in the 4th quarter worth approximately $409,000. ARS Wealth Advisors Group LLC boosted its stake in Home Depot by 0.8% in the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after purchasing an additional 239 shares during the period. Finally, JPL Wealth Management LLC bought a new position in Home Depot in the 4th quarter worth approximately $3,193,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, 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 owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% 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 Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The shares were 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 owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Trading Down 0.1%

HD stock traded down $0.49 during midday trading on Friday, reaching $371.36. The company's stock had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,130. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The stock has a fifty day simple moving average of $365.14 and a two-hundred day simple moving average of $376.33. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a market capitalization of $369.47 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.53 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the previous year, the business earned $3.63 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. Home Depot's dividend payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HD. JPMorgan Chase & Co. upped their price objective on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Monday, June 30th. Piper Sandler decreased their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and upped their price objective for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Finally, Wells Fargo & Company set a $420.00 price objective on Home Depot and gave the stock an "overweight" rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.