Warren Street Wealth Advisors LLC Has $757,000 Stake in The Home Depot, Inc. (NYSE:HD)

Warren Street Wealth Advisors LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,185 shares of the home improvement retailer’s stock after acquiring an additional 126 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in Home Depot were worth $757,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. Mizuho started coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price for the company. Bank of America boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Truist Financial lowered their target price on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $377.46.

Home Depot Trading Up 1.3 %

Shares of HD stock opened at $353.95 on Wednesday. The stock has a market capitalization of $350.98 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 2.40 and a beta of 1.00. The company’s fifty day simple moving average is $337.18 and its two-hundred day simple moving average is $351.78. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter last year, the company earned $3.82 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. As a group, analysts anticipate 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. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.54%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Insider Transactions at Home Depot

In other Home Depot 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 transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

About Home Depot

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.