NewSquare Capital LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

NewSquare Capital LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 181.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 287 shares of the home improvement retailer’s stock after purchasing an additional 185 shares during the period. NewSquare Capital LLC’s holdings in Home Depot were worth $105,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HD. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot during the 4th quarter valued at $28,000. Navigoe LLC acquired a new stake in Home Depot during the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the 4th quarter valued at $32,000. Quarry LP grew its holdings in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares in the last quarter. Finally, Marshall Investment Management LLC acquired a new stake in Home Depot during the 4th quarter valued at $41,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Piper Sandler reduced their price objective on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. TD Securities downgraded shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. Finally, Wedbush reiterated an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Stock Down 0.6%

Shares of NYSE:HD opened at $365.20 on Tuesday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company’s fifty day moving average is $361.51 and its two-hundred day moving average is $384.05. The stock has a market capitalization of $363.35 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the business earned $3.63 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.52%. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate 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.