Thurston Springer Miller Herd & Titak Inc. Has $4.84 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 20.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,204 shares of the home improvement retailer’s stock after buying an additional 2,213 shares during the period. Home Depot makes up about 0.8% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 21st biggest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Home Depot were worth $4,842,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HD. Boltwood Capital Management increased its stake in Home Depot by 2.9% in the 1st quarter. Boltwood Capital Management now owns 2,870 shares of the home improvement retailer’s stock valued at $1,052,000 after buying an additional 80 shares during the period. Lake Street Private Wealth LLC grew its holdings in shares of Home Depot by 14.2% during the 1st quarter. Lake Street Private Wealth LLC now owns 4,671 shares of the home improvement retailer’s stock valued at $1,712,000 after acquiring an additional 581 shares in the last quarter. Eclectic Associates Inc. ADV increased its stake in shares of Home Depot by 1.5% in the first quarter. Eclectic Associates Inc. ADV now owns 12,647 shares of the home improvement retailer’s stock worth $4,635,000 after acquiring an additional 191 shares during the last quarter. KWB Wealth increased its stake in shares of Home Depot by 5.3% in the first quarter. KWB Wealth now owns 2,202 shares of the home improvement retailer’s stock worth $857,000 after acquiring an additional 111 shares during the last quarter. Finally, Lmcg Investments LLC raised its holdings in shares of Home Depot by 1.8% during the first quarter. Lmcg Investments LLC now owns 10,380 shares of the home improvement retailer’s stock worth $3,804,000 after acquiring an additional 187 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and boosted their price target for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Truist Financial raised their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Telsey Advisory Group reiterated an “outperform” rating on shares of Home Depot in a research note on Monday. Finally, Wells Fargo & Company dropped their price target on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $372.50 on Thursday. The Home Depot, Inc. has a 12 month low of $323.93 and a 12 month high of $439.37. The company has a market cap of $370.61 billion, a P/E ratio of 25.31, a P/E/G ratio of 4.03 and a beta of 1.05. The business’s 50 day moving average is $361.54 and its two-hundred day moving average is $385.28. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $3.63 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s dividend payout ratio is currently 62.42%.

Home Depot Company Profile

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.