Miracle Mile Advisors LLC Acquires 826 Shares of The Home Depot, Inc. (NYSE:HD)

Miracle Mile Advisors LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,336 shares of the home improvement retailer’s stock after buying an additional 826 shares during the period. Miracle Mile Advisors LLC’s holdings in Home Depot were worth $8,185,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Bare Financial Services Inc purchased a new position in Home Depot during the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot during the 4th quarter valued at about $27,000. Keener Financial Planning LLC purchased a new position in Home Depot during the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC increased 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 valued at $32,000 after purchasing an additional 32 shares during the period. Finally, Gilfoyle & Co LLC purchased a new position in Home Depot during the 4th quarter valued at about $35,000. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citigroup reduced their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. TD Cowen reduced their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Wedbush reiterated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. Finally, Truist Financial reduced their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. One investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $378.42.

Home Depot Stock Down 2.3 %

HD opened at $336.19 on Tuesday. 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. The company has a fifty day moving average of $338.51 and a two-hundred day moving average of $352.80. The stock has a market capitalization of $333.37 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.38 and a beta of 0.99.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share 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 during the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the previous year, the company earned $3.82 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid 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 2.68%. Home Depot’s dividend payout ratio is currently 60.36%.

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.