The Home Depot, Inc. (NYSE:HD) Shares Bought by Northeast Financial Group Inc.

Northeast Financial Group Inc. raised its stake in The Home Depot, Inc. (NYSE:HD) by 5.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 802 shares of the home improvement retailer’s stock after purchasing an additional 44 shares during the period. Northeast Financial Group Inc.’s holdings in Home Depot were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Bare Financial Services Inc acquired a new position in Home Depot during the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot during the fourth quarter worth about $27,000. Keener Financial Planning LLC acquired a new position in Home Depot during the fourth quarter worth about $31,000. PFG Private Wealth Management LLC grew its position in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares during the period. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot during the fourth quarter worth about $35,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the 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 transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

NYSE:HD opened at $341.49 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The company has a market cap of $338.62 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.36 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm’s 50 day moving average is $338.15 and its two-hundred day moving average is $352.59.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion for 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%. Home Depot’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.82 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and upped their target price for the stock from $352.00 to $395.00 in a research report on Wednesday. Evercore ISI increased their price target on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. Finally, Truist Financial lowered their price target on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

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.