1,354 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Callan Family Office LLC

Posted by Defense World Staff on Jun 17th, 2023

Callan Family Office LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,354 shares of the home improvement retailer’s stock, valued at approximately $428,000.

A number of other large investors have also recently made changes to their positions in the company. Fairfield Bush & CO. purchased a new stake in Home Depot in the 1st quarter valued at about $27,000. Glassy Mountain Advisors Inc. purchased a new stake in Home Depot in the 4th quarter valued at about $30,000. Studio Investment Management LLC purchased a new stake in Home Depot in the 4th quarter valued at about $32,000. Align Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $30,000. Finally, EWG Elevate Inc. bought a new stake in shares of Home Depot in the 4th quarter valued at about $36,000. 68.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Hector A. Padilla sold 1,502 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total transaction of $440,221.18. Following the sale, the executive vice president now directly owns 13,958 shares of the company’s stock, valued at $4,090,950.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Roth Mkm reduced their price target on shares of Home Depot from $312.00 to $292.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. Wedbush reduced their price target on shares of Home Depot from $300.00 to $290.00 in a report on Wednesday, May 17th. Evercore ISI reduced their price target on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. UBS Group reduced their price target on shares of Home Depot from $350.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Home Depot from $325.00 to $345.00 in a research note on Thursday, June 8th. Thirteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.43.

Home Depot Stock Down 0.5 %

HD stock opened at $300.38 on Friday. The firm’s fifty day simple moving average is $293.75 and its 200-day simple moving average is $304.44. The company has a market capitalization of $302.00 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $347.25.

Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $3.82 EPS for the quarter, beating the consensus estimate of $3.80 by $0.02. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The business had revenue of $37.26 billion for the quarter, compared to the consensus estimate of $38.35 billion. During the same period in the prior year, the firm earned $4.09 EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities research analysts forecast that The Home Depot, Inc. will post 14.97 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 15th. Investors of record on Thursday, June 1st were issued a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is presently 50.94%.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. 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.