Zevenbergen Capital Investments LLC grew its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,347 shares of the home improvement retailer’s stock after purchasing an additional 135 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Home Depot were worth $4,353,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Bey Douglas LLC acquired a new stake in shares of Home Depot in the 4th quarter worth approximately $913,000. Hartline Investment Corp lifted 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 period. Wolf Group Capital Advisors boosted its stake in Home Depot by 6.1% during the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after purchasing an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new position in Home Depot during the 4th quarter valued at $253,000. Finally, Zullo Investment Group Inc. increased its position in shares of Home Depot by 6.6% during the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after purchasing an additional 504 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.
Insider Buying and Selling
In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.
Home Depot Stock Up 1.7 %
Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.82 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.
Home Depot Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is presently 60.36%.
Analysts Set New Price Targets
HD has been the subject of several research reports. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. 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 report on Wednesday, May 15th. Guggenheim reiterated a “buy” rating and issued a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and increased their target price for the company from $352.00 to $395.00 in a research note on Wednesday, June 26th. Finally, HSBC decreased their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $378.42.
Read Our Latest Stock Report on Home Depot
Home Depot 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.
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