Allen Capital Group LLC Increases Stake in The Home Depot, Inc. (NYSE:HD)

Allen Capital Group LLC raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 15.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,157 shares of the home improvement retailer's stock after buying an additional 2,676 shares during the period. Allen Capital Group LLC's holdings in Home Depot were worth $7,387,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Navigoe LLC bought a new stake in Home Depot during the 4th quarter valued at $29,000. Abound Financial LLC bought a new stake in Home Depot during the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC raised its holdings in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after acquiring an additional 46 shares during the period. Quarry LP raised its holdings in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares during the period. Finally, Sellwood Investment Partners LLC bought a new stake in Home Depot during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other Home Depot news, 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 transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated 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 transaction, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Trading Up 0.5%

NYSE:HD traded up $1.80 during trading hours on Thursday, reaching $359.20. The company's stock had a trading volume of 3,037,799 shares, compared to its average volume of 3,573,609. The firm has a market capitalization of $357.38 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 3.41 and a beta of 1.00. The firm has a 50-day simple moving average of $366.20 and a 200-day simple moving average of $374.90. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09.

Home Depot (NYSE:HD - Get Free Report) last released 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). 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 analysts' expectations of $39.24 billion. During the same quarter in the previous year, the firm posted $3.63 EPS. Home Depot's revenue was up 9.4% compared to the same quarter last year. Research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HD shares. Gordon Haskett boosted their target price on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Morgan Stanley reissued an "overweight" rating and set a $415.00 target price (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Monday, June 30th. Wells Fargo & Company set a $420.00 price target on shares of Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Finally, Guggenheim reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $426.77.

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.