Aurora Private Wealth Inc. Acquires 62,033 Shares of The Home Depot, Inc. (NYSE:HD)

Aurora Private Wealth Inc. grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 8,925.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 62,728 shares of the home improvement retailer's stock after buying an additional 62,033 shares during the period. Home Depot accounts for approximately 0.6% of Aurora Private Wealth Inc.'s investment portfolio, making the stock its 26th largest holding. Aurora Private Wealth Inc.'s holdings in Home Depot were worth $22,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Planning Services Inc. LA ADV boosted its position in shares of 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 worth $6,954,431,000 after purchasing an additional 18,956,701 shares during the last quarter. Norges Bank bought a new stake in shares of Home Depot in the 4th quarter valued at $5,032,910,000. GAMMA Investing LLC raised its stake in Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after buying an additional 10,210,851 shares during the period. Raymond James Financial Inc. bought a new position in Home Depot during the fourth quarter worth about $2,212,546,000. Finally, Proficio Capital Partners LLC grew its stake in Home Depot by 21,394.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock valued at $793,486,000 after acquiring an additional 2,030,372 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 1.0%

Shares of NYSE:HD opened at $360.53 on Wednesday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week 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. The company has a market capitalization of $358.70 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. The company has a 50-day simple moving average of $362.79 and a 200 day simple moving average of $378.77.

Home Depot (NYSE:HD - Get Free Report) last posted 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). 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 analyst estimates of $39.24 billion. During the same period in the previous year, the company posted $3.63 EPS. Home Depot's revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared 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. This represents a $9.20 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is 62.42%.

Insider Buying and Selling 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 now directly owns 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 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 now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HD. TD Securities lowered Home Depot to a "buy" rating in a research report on Monday, June 2nd. Jefferies Financial Group cut their price target on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Royal Bank Of Canada lowered their price objective on shares of 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. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 target price (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.

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