Elite Financial Inc. Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Elite Financial Inc. acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 244 shares of the home improvement retailer’s stock, valued at approximately $89,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after purchasing an additional 565 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in shares of Home Depot during the fourth quarter worth $216,000. Assetmark Inc. raised its holdings in shares of Home Depot by 28.4% during the fourth quarter. Assetmark Inc. now owns 47,945 shares of the home improvement retailer’s stock worth $18,650,000 after purchasing an additional 10,594 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in shares of Home Depot by 11.1% during the fourth quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer’s stock worth $4,102,000 after purchasing an additional 1,055 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

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

Home Depot Stock Down 0.1%

Shares of NYSE:HD opened at $371.36 on Friday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The company’s fifty day moving average is $365.14 and its 200-day moving average is $376.33. The company has a market capitalization of $369.47 billion, a PE ratio of 25.19, a P/E/G ratio of 3.53 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $3.63 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. Home Depot’s dividend payout ratio is presently 62.42%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HD shares. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Monday, June 30th. Robert W. Baird dropped their price objective on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. TD Securities cut shares of Home Depot to a “buy” rating in a report on Monday, June 2nd. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Finally, Mizuho dropped their price objective on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. 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’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $426.77.

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.