PUREfi Wealth LLC Has $983,000 Position in The Home Depot, Inc. (NYSE:HD)

PUREfi Wealth LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,683 shares of the home improvement retailer’s stock after selling 206 shares during the period. Home Depot comprises about 1.0% of PUREfi Wealth LLC’s investment portfolio, making the stock its 21st largest holding. PUREfi Wealth LLC’s holdings in Home Depot were worth $983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Navigoe LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $32,000. Quarry LP boosted its position in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Marshall Investment Management LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $41,000. Finally, Sellwood Investment Partners LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $39,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

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

Home Depot Price Performance

Shares of NYSE HD opened at $348.74 on Wednesday. The firm has a market cap of $346.97 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 3.36 and a beta of 1.02. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business’s 50 day moving average is $363.01 and its 200-day moving average is $381.43.

Home Depot (NYSE:HD) last announced 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). The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $3.63 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.64%. Home Depot’s dividend payout ratio (DPR) is currently 62.42%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Royal Bank Of Canada reduced their price target on Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. Evercore ISI set a $400.00 price target on Home Depot and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Truist Financial increased their price target on Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. KGI Securities raised Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Finally, HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

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.