Allium Financial Advisors LLC Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Key Points

• Allium Financial Advisors LLC acquired a new investment in The Home Depot, purchasing 1,685 shares valued at approximately $618,000 during the first quarter.
• Home Depot recently reported quarterly earnings of $3.56 EPS, slightly missing analysts' estimates, but with a revenue of $39.86 billion, exceeding expectations.
• Analysts have varying price targets for Home Depot, with an average target price of $426.77 and a consensus rating of "Moderate Buy" from equities research analysts.

Allium Financial Advisors LLC acquired a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,685 shares of the home improvement retailer's stock, valued at approximately $618,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new position in shares of Home Depot during the first quarter valued at $406,000. Wealth Management Partners LLC increased its holdings in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after purchasing an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV increased its holdings in Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after purchasing an additional 221 shares during the last quarter. Disciplined Investors L.L.C. bought a new stake in Home Depot in the fourth quarter valued at about $409,000. Finally, ARS Wealth Advisors Group LLC increased its holdings in Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company set a $420.00 price objective on Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Jefferies Financial Group dropped their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. DA Davidson dropped their price objective on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Mizuho dropped their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Finally, Guggenheim restated 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Stock Performance

HD opened at $375.17 on Friday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The stock has a market cap of $373.27 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 3.55 and a beta of 1.00. The business has a 50 day moving average of $365.59 and a 200-day moving average of $373.93. 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 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). The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.63 earnings per share. On average, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared 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 2.45%. Home Depot's payout ratio is currently 62.42%.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot 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 completion of the transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's 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 sale, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

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.

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