Brown Financial Advisory Purchases New Stake in The Home Depot, Inc. (NYSE:HD)

Brown Financial Advisory bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 803 shares of the home improvement retailer's stock, valued at approximately $294,000.

Several other institutional investors have also modified their holdings of the stock. Navigoe LLC purchased a new position in Home Depot during the fourth quarter worth about $29,000. Abound Financial LLC acquired a new position in shares of Home Depot in the first quarter valued at approximately $31,000. Quarry LP grew its holdings in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new position in Home Depot during the 4th quarter worth approximately $39,000. Finally, Spurstone Advisory Services LLC acquired a new position in Home Depot during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm'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 transaction, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm'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 transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Trading Down 0.1%

Shares of Home Depot stock traded down $0.19 during mid-day trading on Tuesday, hitting $367.45. 2,530,041 shares of the stock were exchanged, compared to its average volume of 3,434,565. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The stock has a market capitalization of $365.59 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The company has a 50-day simple moving average of $365.35 and a 200 day simple moving average of $375.98. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period in the prior year, the business earned $3.63 earnings per share. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. Home Depot's payout ratio is currently 62.42%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HD shares. Wells Fargo & Company set a $420.00 target price on shares of Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. DA Davidson lowered their target price on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Morgan Stanley restated an "overweight" rating and issued a $415.00 target price (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Mizuho lowered their target price on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Finally, TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.