Profit Investment Management LLC has $1.34 million position in The Home Depot, Inc. (NYSE:HD)


Profit Investment Management LLC raised its stake in The Home Depot, Inc. (NYSE:HD – Get Rating ) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,473 shares of the home improvement retailer’s stock after buying an additional 202 shares during the period. Profit Investment Management LLC’s holdings in Home Depot were worth $1,340,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HD. Sky Investment Group LLC lifted its position in Home Depot by 3.4% during the first quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock valued at $6,345,000 after buying an additional 703 shares during the period. Everhart Financial Group Inc. boosted its holdings in shares of Home Depot by 28.5% during the first quarter. Everhart Financial Group Inc. now owns 2,062 shares of the home improvement retailer’s stock valued at $617,000 after acquiring an additional 457 shares during the last quarter. Diversified LLC boosted its holdings in shares of Home Depot by 1.5% during the first quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock valued at $975,000 after acquiring an additional 47 shares in the last quarter. Matisse Capital boosted its holdings in shares of Home Depot by 3.9% during the first quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer’s stock valued at $797,000 after acquiring an additional 100 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Home Depot by 4.6% in the first quarter. Hexagon Capital Partners LLC now owns 3,961 shares of the home improvement retailer’s stock valued at $1,186,000 after acquiring an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s shares.

A number of research analysts recently commented on the stock. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Wedbush decreased their price objective on shares of Home Depot from $340.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, May 18th. Wells Fargo & Company reduced their price objective on shares of Home Depot from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. Truist Financial reduced their price objective on shares of Home Depot from $405.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, May 18th. Finally, Piper Sandler upped their target price on shares of Home Depot from $310.00 to $321.00 and gave the company a “neutral” rating in a report on Wednesday, May 18th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Moderate Buy” and a consensus target price of $369.82, based on data from MarketBeat.

Shares of HD stock opened at $279.08 on Monday. The business has a 50-day moving average of $291.54 and a 200-day moving average of $327.02. Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $420.61. The firm has a market cap of $286.83 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98. 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.

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 for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The business had revenue of $38.91 billion during the quarter, compared to analyst estimates 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. In the same quarter last year, the firm earned $3.86 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 16.47 earnings per share for the current fiscal year.

The firm also recently disclosed 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 a $7.60 annual dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot’s payout ratio is 48.25%.

In other news, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now directly owns 51,175 shares of the company’s stock, valued at $14,739,935.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Hector A. Padilla sold 136 shares of the stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares in the company, valued at $3,248,052.90. Disclosure of this sale can be found here. Insiders own 0.17% of the company’s stock.

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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)



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