Mirador Capital Partners LP lowered its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 18.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,443 shares of the home improvement retailer’s stock after selling 319 shares during the period. Mirador Capital Partners LP’s holdings in Home Depot were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Teamwork Financial Advisors LLC grew its holdings in Home Depot by 1.4% during the 4th quarter. Teamwork Financial Advisors LLC now owns 2,309 shares of the home improvement retailer’s stock worth $729,000 after acquiring an additional 31 shares during the last quarter. Retirement Planning Co of New England Inc. grew its holdings in Home Depot by 0.5% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 5,769 shares of the home improvement retailer’s stock worth $1,822,000 after acquiring an additional 31 shares during the last quarter. Summit Asset Management LLC grew its holdings in Home Depot by 0.9% during the 4th quarter. Summit Asset Management LLC now owns 3,491 shares of the home improvement retailer’s stock worth $1,103,000 after acquiring an additional 31 shares during the last quarter. Insight Wealth Strategies LLC grew its holdings in Home Depot by 0.6% during the 4th quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock worth $1,830,000 after acquiring an additional 32 shares during the last quarter. Finally, Monterey Private Wealth Inc. grew its holdings in Home Depot by 2.2% during the 4th quarter. Monterey Private Wealth Inc. now owns 1,495 shares of the home improvement retailer’s stock worth $472,000 after acquiring an additional 32 shares during the last quarter. Institutional investors own 69.91% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on HD. Wedbush reduced their target price on shares of Home Depot from $300.00 to $290.00 in a report on Wednesday, May 17th. Telsey Advisory Group reduced their price objective on shares of Home Depot from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 17th. StockNews.com initiated coverage on shares of Home Depot in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Credit Suisse Group reduced their price objective on shares of Home Depot from $320.00 to $310.00 in a research note on Wednesday, May 17th. Finally, Truist Financial reduced their price objective on shares of Home Depot from $352.00 to $318.00 in a research note on Wednesday, May 17th. Twelve analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $323.43.
Home Depot Stock Performance
Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, topping 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 firm had revenue of $37.26 billion for the quarter, compared to the consensus estimate of $38.35 billion. During the same quarter in the prior year, the company posted $4.09 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. On average, analysts expect that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a dividend of $2.09 per share. The ex-dividend date was Wednesday, May 31st. This represents a $8.36 annualized dividend and a yield of 2.71%. Home Depot’s payout ratio is 50.94%.
Insider Activity
In other news, EVP Hector A. Padilla sold 1,502 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value of $440,221.18. Following the completion of the sale, the executive vice president now owns 13,958 shares in the company, valued at $4,090,950.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.19% of the stock is currently owned by corporate insiders.
Home Depot Company Profile
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.
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