Biechele Royce Advisors Acquires 173 Shares of The Home Depot, Inc. (NYSE:HD)

Biechele Royce Advisors increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 18.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,099 shares of the home improvement retailer’s stock after purchasing an additional 173 shares during the period. Biechele Royce Advisors’ holdings in Home Depot were worth $422,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in shares of Home Depot during the third quarter worth approximately $329,000. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in shares of Home Depot in the third quarter valued at approximately $4,461,000. Quantum Financial Advisors LLC raised its position in shares of Home Depot by 38.6% in the third quarter. Quantum Financial Advisors LLC now owns 2,174 shares of the home improvement retailer’s stock valued at $657,000 after buying an additional 606 shares in the last quarter. Neo Ivy Capital Management raised its position in shares of Home Depot by 137.0% in the third quarter. Neo Ivy Capital Management now owns 11,936 shares of the home improvement retailer’s stock valued at $3,607,000 after buying an additional 6,899 shares in the last quarter. Finally, Scarborough Advisors LLC raised its position in shares of Home Depot by 63.4% in the third quarter. Scarborough Advisors LLC now owns 1,660 shares of the home improvement retailer’s stock valued at $501,000 after buying an additional 644 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on HD shares. Bank of America boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and upped their price target for the stock from $352.00 to $395.00 in a report on Wednesday, June 26th. Wedbush reiterated an “outperform” rating and set a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. Truist Financial lowered their price target on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $378.42.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

HD traded up $3.40 on Friday, hitting $357.19. The company’s stock had a trading volume of 331,839 shares, compared to its average volume of 3,414,107. The company’s 50 day simple moving average is $339.19 and its 200-day simple moving average is $352.02. The firm has a market cap of $354.19 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 2.38 and a beta of 0.98. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $3.82 EPS. Analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

About Home Depot

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.