Axxcess Wealth Management LLC Trims Position in The Home Depot, Inc. (NYSE:HD)

Axxcess Wealth Management LLC lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 44,272 shares of the home improvement retailer's stock after selling 2,909 shares during the quarter. Axxcess Wealth Management LLC's holdings in Home Depot were worth $16,225,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Navigoe LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $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 boosted its position in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares during the last quarter. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $39,000. Finally, Spurstone Advisory Services LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.8%

HD stock traded down $3.15 during midday trading on Friday, hitting $370.15. The company had a trading volume of 3,068,031 shares, compared to its average volume of 3,433,785. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock's 50 day moving average price is $366.14 and its 200 day moving average price is $375.43. The stock has a market cap of $368.27 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.52 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share 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 company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the previous year, the firm posted $3.63 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts expect 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. 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%.

Insider Activity at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares in the company, valued at $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. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HD. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and lifted their price target for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an "overweight" rating in a research report on Monday, June 30th. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Morgan Stanley reiterated an "overweight" rating and set a $415.00 price target (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Monday, June 30th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average price target of $426.77.

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.