Northstar Advisory Group LLC Has $734,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Northstar Advisory Group LLC lifted its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 82.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,677 shares of the home improvement retailer’s stock after acquiring an additional 1,206 shares during the quarter. Home Depot makes up approximately 0.5% of Northstar Advisory Group LLC’s portfolio, making the stock its 26th largest position. Northstar Advisory Group LLC’s holdings in Home Depot were worth $734,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rinkey Investments bought a new stake in shares of Home Depot in the 4th quarter worth $25,000. GW&K Investment Management LLC bought a new stake in shares of Home Depot in the 1st quarter worth $25,000. Tobam bought a new stake in shares of Home Depot in the 1st quarter worth $27,000. Fairfield Bush & CO. bought a new stake in shares of Home Depot in the 1st quarter worth $27,000. Finally, Clear Perspectives Financial Planning LLC grew its stake in shares of Home Depot by 135.0% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 94 shares of the home improvement retailer’s stock worth $28,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 68.66% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 12,650 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the sale, the executive vice president now directly owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Matt Carey sold 12,650 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the sale, the executive vice president now directly owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Home Depot Trading Up 1.6 %

Shares of Home Depot stock opened at $280.42 on Tuesday. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The company has a market cap of $287.07 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.48 and a beta of 0.99. The company has a current ratio of 1.18, a quick ratio of 0.25 and a debt-to-equity ratio of 165.70. The company’s 50-day moving average price is $300.51 and its 200-day moving average price is $300.82.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The firm had revenue of $43.79 billion for the quarter, compared to the consensus estimate of $43.33 billion. During the same period in the prior year, the firm posted $4.53 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 16.56 earnings per share for the current fiscal year.

Home Depot announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 18th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Wednesday, August 31st. Home Depot’s dividend payout ratio is currently 46.71%.

Analyst Upgrades and Downgrades

HD has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 16th. Evercore ISI reduced their price target on shares of Home Depot to $360.00 in a research report on Thursday, June 9th. DA Davidson increased their price target on shares of Home Depot to $334.00 in a research report on Monday, August 22nd. JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $335.00 to $311.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. Finally, Piper Sandler increased their price target on shares of Home Depot to $327.00 in a research report on Monday, August 22nd. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $365.95.

Home Depot Company Profile

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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

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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