The Home Depot, Inc. (NYSE:HD) Shares Acquired by WFA Asset Management Corp

WFA Asset Management Corp increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 15.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,394 shares of the home improvement retailer’s stock after acquiring an additional 190 shares during the quarter. WFA Asset Management Corp’s holdings in Home Depot were worth $535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Home Depot by 19.1% in the 1st quarter. Farther Finance Advisors LLC now owns 26,010 shares of the home improvement retailer’s stock valued at $9,507,000 after buying an additional 4,176 shares in the last quarter. City Holding Co. increased its position in Home Depot by 0.8% during the first quarter. City Holding Co. now owns 20,670 shares of the home improvement retailer’s stock worth $7,575,000 after purchasing an additional 172 shares during the last quarter. CHICAGO TRUST Co NA boosted its holdings in Home Depot by 0.4% in the 1st quarter. CHICAGO TRUST Co NA now owns 9,017 shares of the home improvement retailer’s stock valued at $3,305,000 after purchasing an additional 32 shares during the last quarter. Range Financial Group LLC grew its stake in shares of Home Depot by 8.3% in the 1st quarter. Range Financial Group LLC now owns 9,145 shares of the home improvement retailer’s stock valued at $3,352,000 after buying an additional 700 shares during the period. Finally, Portside Wealth Group LLC increased its holdings in shares of Home Depot by 1.4% during the 1st quarter. Portside Wealth Group LLC now owns 7,406 shares of the home improvement retailer’s stock worth $2,714,000 after buying an additional 105 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial raised their target price on Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Telsey Advisory Group reissued an “outperform” rating on shares of Home Depot in a research report on Monday, June 2nd. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Guggenheim reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Stock Performance

Shares of Home Depot stock opened at $367.45 on Monday. The business has a 50-day simple moving average of $361.63 and a 200-day simple moving average of $384.44. The company has a market cap of $365.59 billion, a PE ratio of 24.96, a P/E/G ratio of 4.03 and a beta of 1.02. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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). 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%. Home Depot’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.63 earnings per share. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president now owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.