Councilmark Asset Management LLC Purchases Shares of 16,412 The Home Depot, Inc. (NYSE:HD)

Councilmark Asset Management LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,412 shares of the home improvement retailer’s stock, valued at approximately $6,296,000. Home Depot accounts for approximately 4.5% of Councilmark Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding.

Other large investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV grew its stake in shares of Home Depot by 9.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 986 shares of the home improvement retailer’s stock valued at $342,000 after acquiring an additional 87 shares during the period. Revisor Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $230,000. Worth Asset Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $218,000. Thomasville National Bank lifted its holdings in Home Depot by 2.9% in the 4th quarter. Thomasville National Bank now owns 7,326 shares of the home improvement retailer’s stock worth $2,539,000 after purchasing an additional 208 shares in the last quarter. Finally, Orrstown Financial Services Inc. purchased a new position in Home Depot in the 4th quarter worth approximately $860,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 0.7 %

Home Depot stock traded down $2.72 during mid-day trading on Friday, hitting $363.36. The company’s stock had a trading volume of 2,474,497 shares, compared to its average volume of 3,449,416. The company has a 50 day moving average of $341.79 and a 200-day moving average of $352.78. The stock has a market cap of $360.31 billion, a PE ratio of 24.37, a P/E/G ratio of 2.53 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate 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 return on equity of 1,056.67% and a net margin of 9.79%. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.82 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.3 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. Guggenheim reissued a “buy” rating and issued a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Stifel Nicolaus boosted their price target on Home Depot from $374.00 to $380.00 and gave the stock a “hold” rating in a report on Monday, July 15th. TD Cowen lowered their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Truist Financial decreased their price objective on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $380.58.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction on Thursday, May 16th. The stock was 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 approximately $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

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.