Advisor Resource Council Purchases Shares of 7,548 The Home Depot, Inc. (NYSE:HD)

Advisor Resource Council purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,548 shares of the home improvement retailer's stock, valued at approximately $2,722,000.

Other institutional investors have also modified their holdings of the company. Segment Wealth Management LLC grew its stake in Home Depot by 0.8% during the 1st quarter. Segment Wealth Management LLC now owns 47,427 shares of the home improvement retailer's stock worth $17,381,000 after buying an additional 358 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of Home Depot by 1.5% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 15,635 shares of the home improvement retailer's stock valued at $5,730,000 after acquiring an additional 232 shares during the period. Riverwater Partners LLC boosted its holdings in shares of Home Depot by 13.1% in the first quarter. Riverwater Partners LLC now owns 854 shares of the home improvement retailer's stock valued at $313,000 after acquiring an additional 99 shares during the period. Stableford Capital II LLC grew its position in shares of Home Depot by 7.0% during the first quarter. Stableford Capital II LLC now owns 2,543 shares of the home improvement retailer's stock worth $903,000 after acquiring an additional 166 shares during the last quarter. Finally, Good Steward Wealth Advisors LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $460,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HD. TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and upped their target price for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Mizuho lowered their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Robert W. Baird dropped their price target 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, Wells Fargo & Company decreased their price objective on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Seven 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was 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 directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

NYSE HD traded up $3.18 during mid-day trading on Friday, hitting $350.21. The stock had a trading volume of 8,001,951 shares, compared to its average volume of 3,437,824. The company has a 50 day simple moving average of $362.72 and a 200 day simple moving average of $380.63. The company has a market cap of $348.44 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 3.30 and a beta of 1.02. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last announced 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). 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 company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.63 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

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.