Koss Olinger Consulting LLC Invests $6 Million in The Home Depot, Inc. (NYSE:HD)

Koss Olinger Consulting LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,635 shares of the home improvement retailer’s stock, valued at approximately $5,998,000. Home Depot makes up about 3.2% of Koss Olinger Consulting LLC’s investment portfolio, making the stock its 12th largest position.

Several other institutional investors have also recently bought and sold shares of the business. Bare Financial Services Inc acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the fourth quarter worth $31,000. PFG Private Wealth Management LLC lifted its stake in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the period. Finally, Gilfoyle & Co LLC bought a new position in Home Depot in the fourth quarter valued at about $35,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on 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 completion of the sale, the executive vice president now 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.8 %

Shares of NYSE:HD opened at $344.24 on Monday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-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. The company has a market capitalization of $341.35 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The company has a 50-day simple moving average of $338.51 and a 200 day simple moving average of $352.80.

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 company had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the previous year, the company posted $3.82 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HD shares. Truist Financial cut their target price 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. UBS Group dropped their target price on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Bank of America increased their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Raymond James reissued a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Finally, Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. 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 company. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $378.42.

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.