Mullooly Asset Management Inc. Buys Shares of 4,540 The Home Depot, Inc. (NYSE:HD)

Key Points

• Mullooly Asset Management Inc. acquired a new stake of 4,540 shares in The Home Depot, valued at approximately $1.664 million, making it the firm’s 16th largest investment.
• Home Depot announced a quarterly dividend of $2.30 per share, resulting in an annualized dividend yield of 2.5%.
• In recent insider trading, Teresa Wynn Roseborough and Fahim Siddiqui, both executives, sold shares, reducing their holdings by over 23% and 24%, respectively.

Mullooly Asset Management Inc. purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,540 shares of the home improvement retailer's stock, valued at approximately $1,664,000. Home Depot accounts for 0.0% of Mullooly Asset Management Inc.'s investment portfolio, making the stock its 16th biggest holding.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in 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 buying an additional 565 shares in the last quarter. Trexquant Investment LP bought a new stake in Home Depot during the fourth quarter worth approximately $6,671,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Home Depot by 2.9% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,613 shares of the home improvement retailer's stock worth $1,017,000 after buying an additional 73 shares in the last quarter. Finally, Yoffe Investment Management LLC bought a new stake in Home Depot during the fourth quarter worth approximately $1,090,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. 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 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 completion of the sale, the executive vice president owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Mizuho decreased their price objective on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. TD Securities lowered shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Jefferies Financial Group decreased their target price on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, Robert W. Baird decreased their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Price Performance

Shares of NYSE HD traded up $7.32 during trading on Monday, reaching $380.98. The company had a trading volume of 2,843,316 shares, compared to its average volume of 3,228,696. 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 stock has a market cap of $379.05 billion, a PE ratio of 25.85, a PEG ratio of 3.55 and a beta of 1.00. The business's 50 day moving average price is $365.84 and its 200-day moving average price is $372.91. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the previous year, the company posted $3.63 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot's dividend payout ratio is presently 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.