Oxford Wealth Group LLC Purchases New Holdings in The Home Depot, Inc. (NYSE:HD)

Oxford Wealth Group LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,306 shares of the home improvement retailer’s stock, valued at approximately $501,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cape Investment Advisory Inc. increased its position in shares of Home Depot by 1.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after buying an additional 28 shares during the period. Optas LLC increased its stake in Home Depot by 1.7% in the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock valued at $607,000 after purchasing an additional 29 shares in the last quarter. STAR Financial Bank increased its stake in Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock valued at $1,367,000 after purchasing an additional 29 shares in the last quarter. Talisman Wealth Advisors LLC increased its stake in Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after purchasing an additional 29 shares in the last quarter. Finally, Private Ocean LLC increased its stake in Home Depot by 2.6% in the fourth quarter. Private Ocean LLC now owns 1,173 shares of the home improvement retailer’s stock valued at $407,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD traded up $1.91 during midday trading on Tuesday, hitting $363.58. The company’s stock had a trading volume of 2,788,180 shares, compared to its average volume of 3,404,348. The stock has a fifty day moving average price of $344.19 and a 200 day moving average price of $353.36. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The firm has a market capitalization of $360.53 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.48 and a beta of 0.99.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the previous year, the firm posted $3.82 earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, research analysts forecast that The Home Depot, Inc. will post 15.3 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Truist Financial decreased their price target on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. TD Cowen decreased their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $352.00 to $395.00 in a research report on Wednesday, June 26th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Finally, Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $381.80.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

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.