The Home Depot, Inc. (NYSE:HD) Shares Sold by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,856 shares of the home improvement retailer's stock after selling 2,375 shares during the quarter. Arcadia Investment Management Corp MI's holdings in Home Depot were worth $5,445,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wealth Management Partners LLC lifted its stake in shares of Home Depot by 0.6% during the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after purchasing an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV lifted its stake in shares of Home Depot by 4.8% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after purchasing an additional 221 shares during the last quarter. Disciplined Investors L.L.C. purchased a new stake in shares of Home Depot during the 4th quarter worth $409,000. ARS Wealth Advisors Group LLC lifted its stake in shares of Home Depot by 0.8% during the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after purchasing an additional 239 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in shares of Home Depot during the 4th quarter worth $3,193,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD traded up $2.93 during midday trading on Wednesday, hitting $370.43. The stock had a trading volume of 3,373,090 shares, compared to its average volume of 3,433,966. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market capitalization of $368.55 billion, a PE ratio of 25.13, a P/E/G ratio of 3.50 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The stock has a 50 day simple moving average of $365.52 and a 200-day simple moving average of $375.92.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the previous year, the business posted $3.63 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business 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 of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. Home Depot's payout ratio is 62.42%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HD shares. DA Davidson decreased their price objective on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Morgan Stanley restated an "overweight" rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Monday, June 30th. Finally, Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and upped their target price for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Buying and Selling

In other Home Depot news, 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 transaction of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm'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 sale, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade 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 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.