Providence First Trust Co increased its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.1% in the 1st quarter, HoldingsChannel reports. The firm owned 2,400 shares of the home improvement retailer’s stock after purchasing an additional 50 shares during the period. Providence First Trust Co’s holdings in Home Depot were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shore Point Advisors LLC purchased a new position in Home Depot during the fourth quarter worth about $26,000. Rinkey Investments purchased a new position in Home Depot during the fourth quarter worth about $25,000. Barnett & Company Inc. raised its holdings in Home Depot by 173.1% during the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Joseph Group Capital Management purchased a new position in Home Depot during the fourth quarter worth about $1,705,000. Finally, Retirement Group LLC raised its holdings in Home Depot by 111.1% during the fourth quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. 70.61% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE HD opened at $279.08 on Tuesday. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The firm’s 50 day moving average price is $291.02 and its 200 day moving average price is $326.26. 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 ratio of 0.28 and a current ratio of 1.11.
Home Depot (NYSE:HD – Get Rating) last announced 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. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The firm had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. During the same quarter last year, the business earned $3.86 earnings per share. Home Depot’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that The Home Depot, Inc. will post 16.47 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.72%. Home Depot’s dividend payout ratio (DPR) is currently 48.25%.
Several research analysts recently issued reports on HD shares. Gordon Haskett cut shares of Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Citigroup upped their target price on shares of Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. Truist Financial lowered their target price on shares of Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. DA Davidson lowered their target price on shares of Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Finally, Wells Fargo & Company lowered their target price on shares of Home Depot from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $369.82.
In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
Home Depot Profile (Get Rating)
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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