Sequoia Financial Advisors LLC Acquires 28,320 Shares of The Home Depot, Inc. (NYSE:HD)

Sequoia Financial Advisors LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 22.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,165 shares of the home improvement retailer’s stock after buying an additional 28,320 shares during the period. Sequoia Financial Advisors LLC’s holdings in Home Depot were worth $57,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Wealth Group Ltd. grew its stake in Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after buying an additional 27 shares during the period. Sollinda Capital Management LLC grew its stake in Home Depot by 2.5% during the fourth quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer’s stock worth $434,000 after buying an additional 27 shares during the period. Hurlow Wealth Management Group Inc. grew its stake in Home Depot by 1.3% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer’s stock worth $831,000 after buying an additional 27 shares during the period. Invst LLC grew its stake in Home Depot by 0.4% during the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer’s stock worth $2,621,000 after buying an additional 28 shares during the period. Finally, Fi3 FINANCIAL ADVISORS LLC grew its stake in Home Depot by 2.0% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,484 shares of the home improvement retailer’s stock worth $577,000 after buying an additional 29 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.4%

Shares of NYSE:HD opened at $361.96 on Thursday. The stock has a market capitalization of $360.12 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 3.43 and a beta of 1.02. 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 $363.10 and its two-hundred day moving average is $378.66. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09.

Home Depot (NYSE:HD) last issued its earnings results 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). The business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company posted $3.63 earnings per share. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.54%. Home Depot’s dividend payout ratio (DPR) is 62.42%.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares of the company’s stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HD. Sanford C. Bernstein restated a “market perform” rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Mizuho decreased their target price on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a research note on Wednesday, May 21st. Piper Sandler decreased their target price on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company 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, Guggenheim restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Seven research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

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.