The Home Depot, Inc. (NYSE:HD) Shares Purchased by Biltmore Family Office LLC

Key Points

• Biltmore Family Office LLC increased its holdings in The Home Depot by 76.2% during the first quarter, owning a total of 8,048 shares valued at approximately $2.95 million.
• The Home Depot recently reported $3.56 EPS for the quarter, missing estimates, but generated a revenue of $39.86 billion, surpassing expectations with a year-over-year revenue increase of 9.4%.
• The company declared a quarterly dividend of $2.30 per share, which represents a 2.4% dividend yield, and has a payout ratio of 62.42%.

Biltmore Family Office LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 76.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,048 shares of the home improvement retailer's stock after acquiring an additional 3,481 shares during the period. Biltmore Family Office LLC's holdings in Home Depot were worth $2,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of HD. Asset Planning Services Inc. LA ADV boosted its position in Home Depot by 99,400.7% during the first 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 in the last quarter. GAMMA Investing LLC lifted its position 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 valued at $37,517,230,000 after acquiring an additional 10,210,851 shares in the last quarter. Northern Trust Corp lifted its position in shares of 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 valued at $4,726,186,000 after acquiring an additional 1,424,857 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Home Depot in the fourth quarter valued at approximately $471,189,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Home Depot by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after acquiring an additional 891,326 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Evercore ISI set a $400.00 price objective on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Robert W. Baird reduced their price objective on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Morgan Stanley reiterated an "overweight" rating and set a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Finally, Royal Bank Of Canada reduced their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $427.38.

Home Depot Stock Down 1.6%

HD traded down $6.45 on Thursday, hitting $400.73. 3,599,312 shares of the company were exchanged, compared to its average volume of 3,094,821. The company has a market cap of $398.70 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 3.87 and a beta of 1.00. 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 firm has a 50-day moving average price of $369.83 and a two-hundred day moving average price of $372.03. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 242.51% and a net margin of 8.98%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $3.63 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is presently 62.42%.

Insider Activity

In other 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 sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents 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 currently owned by insiders.

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.