Legend Financial Advisors Inc. Raises Stake in The Home Depot, Inc. (NYSE:HD)

Legend Financial Advisors Inc. raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 36.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 154 shares of the home improvement retailer’s stock after purchasing an additional 41 shares during the period. Legend Financial Advisors Inc.’s holdings in Home Depot were worth $59,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HD. Bey Douglas LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $913,000. Hartline Investment Corp increased its position in Home Depot by 3.0% in the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after purchasing an additional 460 shares during the last quarter. Wolf Group Capital Advisors increased its position in Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after purchasing an additional 430 shares during the last quarter. Alliance Wealth Management Group bought a new stake in Home Depot in the fourth quarter worth $253,000. Finally, Zullo Investment Group Inc. increased its position in Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after purchasing an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several research reports. Truist Financial reduced their price target on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Bank of America boosted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Mizuho assumed coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. Finally, Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $378.42.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.8 %

NYSE:HD traded up $2.75 during mid-day trading on Friday, reaching $344.24. The company’s stock had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The stock has a fifty day moving average of $338.51 and a 200-day moving average of $352.74. The firm has a market capitalization of $341.35 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.38 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.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same period in the prior year, the firm earned $3.82 earnings per share. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

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.