The Home Depot, Inc. (NYSE:HD) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 24.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,112 shares of the home improvement retailer's stock after purchasing an additional 16,039 shares during the quarter. Apollon Wealth Management LLC's holdings in Home Depot were worth $29,727,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HD. Asset Planning Services Inc. LA ADV lifted its position in Home Depot by 99,400.7% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares in the last quarter. Norges Bank bought a new stake in Home Depot in the 4th quarter worth about $5,032,910,000. GAMMA Investing LLC grew its stake in shares of Home Depot by 39,194.1% in the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after acquiring an additional 10,210,851 shares during the period. Northern Trust Corp boosted its holdings in Home Depot by 13.3% in the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in Home Depot during the 4th quarter valued at $471,189,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Monday, June 30th. Wells Fargo & Company set a $420.00 target price on shares of Home Depot and gave the stock an "overweight" rating in a report on Monday, June 30th. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Jefferies Financial Group cut their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred on 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 owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the 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 sale, the executive vice president directly owned 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 disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot Stock Up 0.1%

Shares of Home Depot stock traded up $0.23 during trading hours on Monday, hitting $370.30. The company had a trading volume of 2,470,384 shares, compared to its average volume of 3,570,178. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a market cap of $368.42 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The company's 50-day moving average is $366.14 and its two-hundred day moving average is $375.29.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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 company 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 firm's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.63 earnings per share. Analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

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.