LS Investment Advisors LLC Has $20.82 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

LS Investment Advisors LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,815 shares of the home improvement retailer’s stock after selling 1,599 shares during the quarter. Home Depot makes up approximately 3.2% of LS Investment Advisors LLC’s holdings, making the stock its 6th biggest position. LS Investment Advisors LLC’s holdings in Home Depot were worth $20,822,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the fourth quarter valued at $28,000. Navigoe LLC bought a new position in shares of Home Depot in the fourth quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at $32,000. Quarry LP grew its stake in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 66 shares in the last quarter. Finally, Marshall Investment Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at $41,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on HD. Truist Financial raised their target price on shares of Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Royal Bank of Canada decreased their target price on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a research note on Thursday, May 15th. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and raised their target price for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Evercore ISI set a $400.00 price target on Home Depot and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, Robert W. Baird cut their price target on Home Depot from $430.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Stock Down 0.2%

HD opened at $372.50 on Thursday. The Home Depot, Inc. has a fifty-two week low of $323.93 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market capitalization of $370.61 billion, a P/E ratio of 25.31, a P/E/G ratio of 4.03 and a beta of 1.05. The stock has a fifty day moving average of $361.54 and a 200-day moving average of $385.28.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period in the prior year, the business posted $3.63 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Thursday, June 5th. Home Depot’s payout ratio is currently 62.42%.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot Company Profile

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.