The Home Depot, Inc. (NYSE:HD) Shares Acquired by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,725 shares of the home improvement retailer’s stock after purchasing an additional 401 shares during the period. Abner Herrman & Brock LLC’s holdings in Home Depot were worth $13,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Bey Douglas LLC acquired a new position in shares of Home Depot during the fourth quarter valued at approximately $913,000. Hartline Investment Corp boosted its stake in shares of 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 acquiring an additional 460 shares during the last quarter. Wolf Group Capital Advisors increased its position in shares of Home Depot by 6.1% during 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 in the last quarter. Alliance Wealth Management Group acquired a new position in Home Depot in the 4th quarter valued at $253,000. Finally, Zullo Investment Group Inc. lifted its holdings in Home Depot by 6.6% in 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 in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.1 %

HD stock opened at $353.57 on Friday. The company’s 50 day moving average price is $337.38 and its 200 day moving average price is $351.80. The firm has a market capitalization of $350.60 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.44 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the prior year, the firm posted $3.82 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HD shares. Wedbush reiterated an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. Evercore ISI increased their price objective on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Royal Bank of Canada raised their target price on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. Mizuho started coverage on Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. Finally, Truist Financial reduced their price objective on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $377.46.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the firm’s 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 sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

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.