15,635 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC acquired a new position in The Home Depot, Inc. (NYSE:HD) during the first quarter, according to its most recent filing with the SEC. The firm acquired 15,635 shares of the home improvement retailer’s stock, valued at approximately $5,998,000. Home Depot comprises approximately 3.2% of Koss Olinger Consulting LLC’s holdings, making the stock its 12th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cape Investment Advisory Inc. increased its position in 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 purchasing an additional 28 shares during the last quarter. Optas LLC increased its holdings in shares of Home Depot by 1.7% during the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after buying an additional 29 shares during the last quarter. STAR Financial Bank raised its position in shares of Home Depot by 0.7% during the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock valued at $1,367,000 after buying an additional 29 shares during the period. Harvest Investment Advisors LLC raised its position in shares of Home Depot by 0.8% during the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after buying an additional 30 shares during the period. Finally, Armstrong Henry H Associates Inc. lifted its holdings in Home Depot by 0.3% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated 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 directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $344.24 on Monday. The stock has a 50 day moving average of $338.51 and a two-hundred day moving average of $352.80. The stock has a market cap of $341.35 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.38 and a beta of 0.99. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month 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.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business posted $3.82 earnings per share. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. On average, research analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.61%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Guggenheim reaffirmed a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Wells Fargo & Company lowered their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Tuesday, May 14th. Finally, Truist Financial cut their target price on 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.