The Home Depot, Inc. (NYSE:HD) Shares Acquired by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,701 shares of the home improvement retailer’s stock after purchasing an additional 381 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Home Depot were worth $4,655,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Financial Gravity Asset Management Inc. acquired a new position in Home Depot during the 1st quarter worth approximately $406,000. Wealth Management Partners LLC lifted its stake in Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock valued at $2,384,000 after buying an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its stake in Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after buying an additional 221 shares in the last quarter. Disciplined Investors L.L.C. purchased a new position in shares of Home Depot during the 4th quarter worth $409,000. Finally, ARS Wealth Advisors Group LLC lifted its stake in shares of Home Depot by 0.8% during the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock worth $11,628,000 after purchasing an additional 239 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Truist Financial raised their target price on Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Jefferies Financial Group lowered their target price on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Wells Fargo & Company set a $420.00 target price on Home Depot and gave the company an “overweight” rating in a research note on Monday, June 30th. Finally, TD Securities downgraded Home Depot to a “buy” rating in a research note on Monday, June 2nd. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.1%

Shares of NYSE:HD traded up $0.28 on Friday, hitting $359.32. 3,360,940 shares of the company’s stock were exchanged, compared to its average volume of 3,438,531. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market capitalization of $357.50 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.41 and a beta of 1.00. The business’s 50 day simple moving average is $366.03 and its two-hundred day simple moving average is $374.48. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.63 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.56%. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

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.