Sheaff Brock Investment Advisors LLC Boosts Stake in The Home Depot, Inc. (NYSE:HD)

Sheaff Brock Investment Advisors LLC lifted its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,240 shares of the home improvement retailer’s stock after buying an additional 280 shares during the period. Home Depot makes up 0.6% of Sheaff Brock Investment Advisors LLC’s portfolio, making the stock its 25th biggest position. Sheaff Brock Investment Advisors LLC’s holdings in Home Depot were worth $9,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Home Depot in the fourth quarter worth about $4,325,629,000. Jennison Associates LLC lifted its stake in shares of Home Depot by 21.1% in the fourth quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock worth $2,001,755,000 after acquiring an additional 840,033 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Home Depot by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock worth $7,002,662,000 after acquiring an additional 701,811 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Home Depot by 12.2% in the fourth quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $2,166,946,000 after acquiring an additional 566,462 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of Home Depot by 41.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,503,876 shares of the home improvement retailer’s stock worth $622,418,000 after acquiring an additional 436,942 shares in the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Home Depot Trading Up 0.8 %

Shares of Home Depot stock opened at $309.69 on Friday. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $420.61. The stock has a market capitalization of $318.29 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.00 and a beta of 0.99. The business’s 50 day simple moving average is $290.90 and its 200-day simple moving average is $310.73.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The business had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. During the same period in the prior year, the company posted $3.86 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Sell-side analysts predict that The Home Depot, Inc. will post 16.43 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio (DPR) is 48.25%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HD. Piper Sandler boosted their price target on Home Depot from $310.00 to $321.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 18th. Morgan Stanley cut their price objective on Home Depot from $365.00 to $350.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Guggenheim cut their price objective on Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Truist Financial cut their price objective on Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Finally, Citigroup upped their price objective on Home Depot from $327.00 to $348.00 in a research note on Friday, May 20th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $368.45.

Insider Buying and Selling

In other Home Depot news, Director Becker Caryn Seidman acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average cost of $287.73 per share, with a total value of $431,595.00. Following the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $431,595. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Becker Caryn Seidman purchased 1,500 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was purchased at an average cost of $287.73 per share, with a total value of $431,595.00. Following the purchase, the director now owns 1,500 shares in the company, valued at approximately $431,595. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the transaction, the executive vice president now directly owns 51,175 shares of the company’s stock, valued at $14,739,935.25. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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