1,689 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Wills Financial Group LLC

Key Points

• Wills Financial Group LLC acquired 1,689 shares of The Home Depot, Inc., valued at approximately $619,000, during the first quarter.
• Insider transactions included former executive VP Fahim Siddiqui selling 2,600 shares, representing a 24.64% decrease in his stake, while another EVP Teresa Wynn Roseborough sold 5,406 shares, reducing her position by 23.74%.
• Home Depot's quarterly earnings report showed earnings per share of $3.56, slightly below analyst estimates, but revenue increased by 9.4% year-over-year, totaling $39.86 billion.

Wills Financial Group LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,689 shares of the home improvement retailer's stock, valued at approximately $619,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Invst LLC increased its stake in Home Depot by 0.4% during the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after acquiring an additional 28 shares during the period. Financial Insights Inc. increased its stake in shares of Home Depot by 3.3% in the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after purchasing an additional 28 shares during the last quarter. Wayfinding Financial LLC increased its stake in shares of Home Depot by 1.2% in the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after purchasing an additional 28 shares during the last quarter. Pure Portfolios Holdings LLC increased its stake in shares of Home Depot by 4.7% in the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after purchasing an additional 28 shares during the last quarter. Finally, First Interstate Bank increased its stake in shares of Home Depot by 0.3% in the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated 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 $2,919,130.14. The trade was a 24.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business'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 completion of the transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. DA Davidson decreased their price target on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Gordon Haskett lifted their price target on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an "overweight" rating in a research note on Monday, June 30th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Stock Up 1.6%

Shares of NYSE:HD opened at $373.55 on Monday. The company has a market capitalization of $371.66 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 3.55 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The business's 50-day moving average is $365.84 and its 200-day moving average is $372.91. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.63 earnings per share. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed 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 2.5%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is currently 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.

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