Southland Equity Partners LLC Grows Stake in The Home Depot, Inc. (NYSE:HD)

Southland Equity Partners LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,410 shares of the home improvement retailer’s stock after purchasing an additional 161 shares during the quarter. Southland Equity Partners LLC’s holdings in Home Depot were worth $883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Navigoe LLC purchased a new position in Home Depot during the fourth quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot during the fourth quarter valued at $32,000. Quarry LP lifted its position 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 acquiring an additional 66 shares in the last quarter. Sellwood Investment Partners LLC purchased a new position in shares of Home Depot in the fourth quarter valued at about $39,000. Finally, NewSquare Capital LLC lifted its position in shares of Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after acquiring an additional 68 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 2.5%

HD opened at $354.10 on Friday. The stock has a market cap of $352.31 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 4.03 and a beta of 1.02. The stock’s 50 day moving average price is $362.73 and its 200-day moving average price is $382.81. The Home Depot, Inc. has a one year low of $326.31 and a one year 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.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.60%. Home Depot’s dividend payout ratio (DPR) is currently 62.42%.

Analysts Set New Price Targets

HD has been the topic of several research analyst reports. Gordon Haskett boosted their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Truist Financial boosted their price objective on Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Mizuho lowered their price objective on Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. DA Davidson lowered their price objective on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Guggenheim restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president now owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. This trade 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 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.