Abner Herrman & Brock LLC Has $13.28 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Abner Herrman & Brock LLC lifted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,245 shares of the home improvement retailer's stock after acquiring an additional 719 shares during the quarter. Abner Herrman & Brock LLC's holdings in Home Depot were worth $13,284,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Wealth Group Ltd. lifted its stake in shares of Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after purchasing an additional 27 shares during the last quarter. Tallon Kerry Patrick bought a new position in Home Depot during the fourth quarter valued at about $281,000. Capital & Planning LLC lifted its position in shares of Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock worth $418,000 after buying an additional 563 shares during the last quarter. Ironwood Wealth Management LLC. boosted its stake in shares of Home Depot by 0.7% during the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock worth $1,765,000 after acquiring an additional 32 shares in the last quarter. Finally, Brighton Jones LLC increased its holdings in shares of 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. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.2%

NYSE:HD traded up $0.87 on Thursday, hitting $370.97. 668,241 shares of the stock were exchanged, compared to its average volume of 3,401,649. 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 52 week low of $323.93 and a 52 week high of $439.37. The stock has a market capitalization of $369.08 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 4.03 and a beta of 1.05. The company's 50-day moving average price is $361.54 and its 200 day moving average price is $385.28.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly 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 return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the firm earned $3.63 EPS. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. Home Depot's dividend payout ratio is currently 62.42%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated 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 now owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares in the company, 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. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HD has been the topic of several research analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Jefferies Financial Group cut their target price on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Wedbush restated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Royal Bank of Canada reduced their price objective on 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. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $426.77.

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.