Laurel Wealth Advisors LLC Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Laurel Wealth Advisors LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 27,754 shares of the home improvement retailer’s stock after purchasing an additional 77 shares during the quarter. Home Depot comprises about 1.6% of Laurel Wealth Advisors LLC’s holdings, making the stock its 17th biggest position. Laurel Wealth Advisors LLC’s holdings in Home Depot were worth $10,171,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the 4th quarter worth about $28,000. Navigoe LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $32,000. Quarry LP increased its stake in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after acquiring an additional 66 shares during the period. Finally, Sellwood Investment Partners LLC acquired a new stake in Home Depot in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on HD shares. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Royal Bank of Canada lowered their price objective on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and increased their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Evercore ISI set a $400.00 target price on Home Depot and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Finally, TD Securities cut shares of Home Depot to a “buy” rating in a report on Monday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.77.

Insider Buying and Selling at Home Depot

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

Home Depot Price Performance

NYSE HD opened at $368.15 on Wednesday. The stock has a 50-day simple moving average of $361.75 and a 200 day simple moving average of $383.94. The stock has a market capitalization of $366.28 billion, a PE ratio of 25.01, a P/E/G ratio of 4.03 and a beta of 1.02. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The business 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 firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.63 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s dividend payout ratio is 62.42%.

Home Depot 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.