Norris Perne & French LLP MI Acquires 319 Shares of The Home Depot, Inc. (NYSE:HD)

Norris Perne & French LLP MI lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 52,865 shares of the home improvement retailer’s stock after acquiring an additional 319 shares during the period. Home Depot makes up about 1.5% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 24th biggest position. Norris Perne & French LLP MI’s holdings in Home Depot were worth $20,279,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HD. Bare Financial Services Inc acquired a new stake in Home Depot in the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC acquired a new stake in Home Depot in the 4th quarter valued at about $27,000. Keener Financial Planning LLC acquired a new stake in Home Depot in the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC increased its position in Home Depot by 53.3% in the 4th 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 in the last quarter. Finally, Gilfoyle & Co LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Guggenheim reiterated a “buy” rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. UBS Group lowered their price target 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. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Finally, Truist Financial lowered their price target on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $378.42.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Up 0.8 %

Shares of NYSE HD traded up $2.75 during midday trading on Friday, reaching $344.24. The company’s stock had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. 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 fifty-two week low of $274.26 and a fifty-two week high of $396.87. The stock has a market capitalization of $341.35 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.36 and a beta of 1.00. The stock has a 50 day simple moving average of $338.51 and a 200-day simple moving average of $352.60.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (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 last year, the company earned $3.82 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

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

Home Depot 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.