Matisse Capital increases its equity position in The Home Depot, Inc. (NYSE:HD)


Matisse Capital increased its position in shares of The Home Depot, Inc. (NYSE: HD – Get Rating) by 3.9% during the first quarter, according to its latest Form 13F filed with the Securities and Exchange Commission (SEC). . The company held 2,664 shares of the home improvement retailer’s stock after buying an additional 100 shares during the period. Matisse Capital’s holdings in Home Depot were worth $797,000 at the end of the last quarter.

A number of other hedge funds have also recently changed their holdings in the company. Rinkey Investments acquired a new stake in Home Depot stock during the fourth quarter valued at approximately $25,000. Shore Point Advisors LLC acquired a new stake in Home Depot stock during the fourth quarter worth approximately $26,000. Barnett & Company Inc. increased its position in Home Depot shares by 173.1% during the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer valued at $30,000 after acquiring 45 additional shares in the last quarter. Retirement Group LLC increased its position in Home Depot shares by 111.1% during the fourth quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock worth $39,000 after acquiring 50 more shares in the last quarter. Finally, Family CFO Inc acquired a new equity stake in Home Depot during the fourth quarter valued at approximately $42,000. 70.61% of the shares are currently held by institutional investors.

In other Home Depot news, Becker manager Caryn Seidman bought 1,500 shares of Home Depot in a deal that took place on Monday, May 23. The shares were purchased at an average price of $287.73 per share, for a total transaction of $431,595.00. As a result of the transaction, the administrator now directly owns 1,500 shares of the company, valued at $431,595. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, Executive Vice President Hector A. Padilla sold 136 shares of the company in a trade on Thursday, May 19. The shares were 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 owns 11,230 shares of the company, valued at approximately $3,248,052.90. The disclosure of this sale can be found here. 0.17% of the shares are currently held by insiders.

A number of equity research analysts have weighed in on the stock. Guggenheim lowered its price target on Home Depot shares from $400.00 to $350.00 and set an “na” rating for the company in a Wednesday, May 18 research report. DA Davidson lowered its price target on Home Depot shares from $354.00 to $330.00 and set an “na” rating for the company in a Wednesday, May 18 report. Truist Financial lowered its price target on Home Depot shares from $405.00 to $375.00 and set an “na” rating for the company in a Wednesday, May 18 report. Citigroup raised its price target on Home Depot shares from $327.00 to $348.00 in a Friday, May 20 report. Finally, MKM Partners assumed coverage for Home Depot shares in a report Thursday. They issued a “neutral” rating and a price target of $285.00 for the company. Five research analysts gave the stock a hold rating and sixteen gave the stock a buy rating. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $369.82.

NYSE HD opened at $275.42 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt ratio of 35.47. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61. The stock has a market capitalization of $283.06 billion, a PE ratio of 17.49, a growth price-earnings ratio of 1.61 and a beta of 0.97. The company has a 50-day moving average of $295.04 and a two-hundred-day moving average of $333.63.

Home Depot (NYSE:HD – Get Rating) last released quarterly earnings data on Tuesday, May 17. The home improvement retailer reported earnings per share of $4.09 for the quarter, beating the consensus estimate of $3.67 by $0.42. The company posted revenue of $38.91 billion in the quarter, versus a consensus estimate of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The company’s revenue increased by 3.8% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $3.86. On average, stock research analysts expect The Home Depot, Inc. to post earnings per share of 16.47 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Thursday, June 2 received a dividend of $1.90 per share. The ex-dividend date was Wednesday, June 1. This represents an annualized dividend of $7.60 and a dividend yield of 2.76%. The Home Depot’s dividend payout ratio is currently 48.25%.

About Home Depot (Get a rating)

The Home Depot, Inc. operates as a home improvement retailer. It operates Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products, and decorating products, as well as facility maintenance, repair and operation products. countertops, furnaces and central air conditioning systems, and windows.

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Institutional ownership by quarter for The Home Depot (NYSE:HD)



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Sallie R. Loera