Reliant Investment Management LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating ) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,833 shares of the home improvement retailer’s stock after acquiring an additional 660 shares during the period. Home Depot accounts for 3.5% of Reliant Investment Management LLC’s holdings, making the stock its 7th biggest position. Reliant Investment Management LLC’s holdings in Home Depot were worth $6,835,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of HD. Shore Point Advisors LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at $26,000. Rinkey Investments acquired a new stake in Home Depot during the fourth quarter valued at $25,000. Barnett & Company Inc. grew its position in Home Depot by 173.1% in the fourth quarter. Now Barnett & Company Inc. owns 71 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 45 shares during the period. Joseph Group Capital Management acquired a new stake in Home Depot in the fourth quarter valued at $1,705,000. Finally, Retirement Group LLC boosted its holdings in Home Depot by 111.1% in the fourth quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 50 shares during the last quarter. 70.61% of the shares are owned by institutional investors.
Several research firms have recently weighed in on HD. Truist Financial reduced their target price on shares of Home Depot from $405.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, May 18th. MKM Partners initiated coverage on shares of Home Depot in a research report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 target price for the company. DA Davidson reduced their price objective on shares of Home Depot from $354.00 to $330.00 and set a “hold” rating for the company in a report on Wednesday, May 18th. OTR Global downgraded shares of Home Depot to a “positive” rating in a research note on Tuesday, May 10th. Finally, Guggenheim cut their price objective on shares of Home Depot from $400.00 to $350.00 and set a “hold” rating for the company in a research note on Wednesday, May 18th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.82, according to MarketBeat .
Shares of HD stock opened at $279.08 on Friday. The company has a debt-to-equity ratio of 35.47, a quick earnings ratio of 0.28 and a current ratio of 1.11. The stock has a market cap of $286.83 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.70 and a beta of 0.97. Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The stock’s fifty day moving average is $291.54 and the two hundred day moving average is $327.53.
Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The company had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $3.86 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. This represents an annualized dividend of $7.60 and a dividend yield of 2.72%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot’s dividend payout ratio (DPR) is 48.25%.
In other Home Depot news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the sale, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available at this hyperlink. Also, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the sale, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. Disclosure of this sale can be found here. 0.17% of shares are currently owned by company insiders.
Home Depot Profile (Get Rating)
Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products and decorating products, as well as equipment maintenance, repair and operation products. The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems and windows.
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