Purus Wealth Management LLC Buys 32 Shares of The Home Depot, Inc. (NYSE:HD)

Purus Wealth Management LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,777 shares of the home improvement retailer’s stock after acquiring an additional 32 shares during the period. Purus Wealth Management LLC’s holdings in Home Depot were worth $682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bey Douglas LLC bought a new position in Home Depot during the 4th quarter valued at about $913,000. Hartline Investment Corp increased its position in shares of Home Depot by 3.0% during the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after purchasing 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 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 during the last quarter. Alliance Wealth Management Group purchased a new stake in shares of Home Depot during the 4th quarter valued at about $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 last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $350.88 on Tuesday. The firm has a market cap of $347.94 billion, a P/E ratio of 23.53, a P/E/G ratio of 2.46 and a beta of 1.00. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock’s fifty day moving average price is $337.91 and its 200-day moving average price is $352.58.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating 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 company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the previous year, the firm earned $3.82 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 2.56%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Mizuho initiated coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price for the company. TD Cowen lowered their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research report on Tuesday, May 14th. Finally, Evercore ISI increased their target price on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $377.46.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot 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 owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

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.