The Home Depot, Inc. $HD Shares Bought by HC Advisors LLC

HC Advisors LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,707 shares of the home improvement retailer’s stock after acquiring an additional 51 shares during the period. Home Depot comprises about 0.5% of HC Advisors LLC’s holdings, making the stock its 28th biggest position. HC Advisors LLC’s holdings in Home Depot were worth $626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HD. Navigoe LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $29,000. Abound Financial LLC acquired a new position in shares of Home Depot during the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC grew its stake in Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 46 shares during the period. Quarry LP grew its stake in Home Depot by 220.0% in the 4th 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, Quest 10 Wealth Builders Inc. grew its stake in Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer’s stock worth $42,000 after acquiring an additional 30 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on HD shares. Wells Fargo & Company set a $420.00 target price on shares of Home Depot and gave the stock an “overweight” rating in a research note on Monday, June 30th. Stifel Nicolaus set a $432.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research note on Monday. TD Securities cut shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $410.00 to $418.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Finally, Gordon Haskett lifted their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Six analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $427.76.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares in the company, 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. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD opened at $394.68 on Tuesday. The company has a market cap of $392.68 billion, a P/E ratio of 26.78, a PEG ratio of 3.80 and a beta of 1.00. 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 Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The business’s 50-day simple moving average is $371.05 and its 200 day simple moving average is $371.19.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.63 earnings per share. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio is 62.42%.

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.