Advance Capital Management Inc. Invests $267,000 in The Home Depot, Inc. (NYSE:HD)

Advance Capital Management Inc. purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 729 shares of the home improvement retailer's stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Czech National Bank raised its holdings in shares of Home Depot by 6.0% in the first quarter. Czech National Bank now owns 228,160 shares of the home improvement retailer's stock worth $83,618,000 after buying an additional 12,821 shares during the period. JGP Wealth Management LLC raised its holdings in shares of Home Depot by 1.8% in the first quarter. JGP Wealth Management LLC now owns 11,381 shares of the home improvement retailer's stock worth $4,171,000 after buying an additional 202 shares during the period. Bond & Devick Financial Network Inc. increased its holdings in Home Depot by 8.1% during the 1st quarter. Bond & Devick Financial Network Inc. now owns 907 shares of the home improvement retailer's stock worth $332,000 after purchasing an additional 68 shares during the period. Mirador Capital Partners LP increased its holdings in Home Depot by 9.0% during the 1st quarter. Mirador Capital Partners LP now owns 1,285 shares of the home improvement retailer's stock worth $471,000 after purchasing an additional 106 shares during the period. Finally, Mechanics Bank Trust Department increased its holdings in Home Depot by 10.1% during the 1st quarter. Mechanics Bank Trust Department now owns 21,207 shares of the home improvement retailer's stock worth $7,772,000 after purchasing an additional 1,943 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm'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 now owns 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HD shares. Gordon Haskett raised their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Wells Fargo & Company reduced their price objective on Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Robert W. Baird dropped their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Finally, Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one 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 currently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Price Performance

Shares of HD traded up $1.40 during midday trading on Thursday, reaching $371.50. The stock had a trading volume of 869,739 shares, compared to its average volume of 3,518,542. The Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm's 50 day moving average price is $361.54 and its 200-day moving average price is $385.28. The company has a market capitalization of $369.62 billion, a P/E ratio of 25.24, a P/E/G ratio of 4.03 and a beta of 1.05.

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

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $2.30 per share. 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 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.