Alpine Woods Capital Investors LLC Reduces Stake in The Home Depot, Inc. (NYSE:HD)

Alpine Woods Capital Investors LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 16.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 16,290 shares of the home improvement retailer's stock after selling 3,306 shares during the quarter. Home Depot makes up about 1.5% of Alpine Woods Capital Investors LLC's investment portfolio, making the stock its 17th largest holding. Alpine Woods Capital Investors LLC's holdings in Home Depot were worth $5,970,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HD. Navigoe LLC purchased a new position in Home Depot during the 4th quarter valued at $29,000. Abound Financial LLC bought a new stake in shares of Home Depot during the 1st quarter valued at about $31,000. Quarry LP increased its position in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares during the period. Sellwood Investment Partners LLC bought a new position in Home Depot in the fourth quarter worth about $39,000. Finally, Spurstone Advisory Services LLC bought a new position in Home Depot in the fourth quarter worth about $45,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

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 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 owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company'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 transaction, the executive vice president owned 7,951 shares in the company, valued at $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 currently owned by company insiders.

Home Depot Stock Down 0.8%

Shares of HD traded down $3.15 on Friday, hitting $370.15. 3,068,031 shares of the stock traded hands, compared to its average volume of 3,433,785. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a market capitalization of $368.27 billion, a PE ratio of 25.11, a P/E/G ratio of 3.52 and a beta of 1.00. The business has a 50 day simple moving average of $366.14 and a 200 day simple moving average of $375.29. 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 issued its 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). The business had revenue of $39.86 billion for 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 business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.63 earnings per share. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.49%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. DA Davidson lowered their target price on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Monday, June 30th. Royal Bank Of Canada lowered 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. Finally, Jefferies Financial Group dropped their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Company 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.