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Blossom Wealth Management Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

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Blossom Wealth Management boosted its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 8.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,687 shares of the home improvement retailer’s stock after purchasing an additional 138 shares during the period. Home Depot comprises 2.3% of Blossom Wealth Management’s portfolio, making the stock its 14th largest position. Blossom Wealth Management’s holdings in Home Depot were worth $505,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Home Depot by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock worth $7,002,662,000 after buying an additional 701,811 shares during the last quarter. Norges Bank bought a new position in Home Depot during the 4th quarter worth approximately $4,325,629,000. Fisher Asset Management LLC lifted its holdings in Home Depot by 4.6% during the 4th quarter. Fisher Asset Management LLC now owns 7,830,978 shares of the home improvement retailer’s stock worth $3,249,934,000 after buying an additional 346,970 shares during the last quarter. Deutsche Bank AG lifted its holdings in Home Depot by 12.2% during the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $2,166,946,000 after buying an additional 566,462 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Home Depot by 21.1% during the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock worth $2,001,755,000 after buying an additional 840,033 shares during the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on HD shares. Raymond James reduced their target price on Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Wednesday, May 18th. DA Davidson reduced their target price on Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Citigroup increased their price target on Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. Truist Financial reduced their price objective on Home Depot from $405.00 to $375.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Finally, Guggenheim dropped their target price on Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $368.45.

Home Depot Stock Up 0.5 %

Shares of HD stock opened at $306.59 on Friday. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The stock has a market cap of $315.10 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.97 and a beta of 0.98. The business’s fifty day moving average is $288.95 and its 200-day moving average is $316.52. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.28 and a current ratio of 1.11.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.42. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $36.78 billion. During the same period last year, the firm earned $3.86 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.

Insider Activity

In other news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now directly owns 51,175 shares of the company’s stock, valued at $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Further Reading

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

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