The Home Depot, Inc. (NYSE:HD) Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc grew its position in The Home Depot, Inc. (NYSE:HDFree Report) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,262 shares of the home improvement retailer’s stock after purchasing an additional 134 shares during the period. AdvisorNet Financial Inc’s holdings in Home Depot were worth $1,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bare Financial Services Inc bought a new stake in shares of Home Depot in the 4th quarter worth $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot in the fourth quarter valued at $27,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $31,000. PFG Private Wealth Management LLC grew its holdings in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $35,000. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup cut their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Truist Financial reduced their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Bank of America boosted their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Mizuho started coverage on Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective on the stock. Finally, Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $377.46.

View Our Latest Stock Analysis on Home Depot

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

NYSE:HD traded down $3.77 during mid-day trading on Monday, reaching $352.03. 1,790,090 shares of the company were exchanged, compared to its average volume of 3,414,959. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock has a market cap of $349.08 billion, a PE ratio of 23.82, a PEG ratio of 2.44 and a beta of 1.00. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The company has a fifty day moving average of $337.65 and a 200 day moving average of $352.41.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.82 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.56%. Home Depot’s payout ratio is presently 60.36%.

Home Depot Profile

(Free Report)

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.

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

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