The Home Depot, Inc. (NYSE:HD) Shares Sold by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. reduced its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 84.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,660 shares of the home improvement retailer's stock after selling 51,969 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Home Depot were worth $3,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HD. Navigoe LLC purchased a new position in Home Depot during the 4th quarter worth $29,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot during the 4th quarter worth $32,000. Quarry LP grew its stake 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 buying an additional 66 shares during the last quarter. Marshall Investment Management LLC purchased a new position in Home Depot during the 4th quarter worth $41,000. Finally, Sellwood Investment Partners LLC purchased a new position in Home Depot during the 4th quarter worth $39,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HD. Wedbush restated an "outperform" rating and set a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and boosted their price target for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Mizuho dropped their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Finally, DA Davidson dropped their price target on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Seven investment 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's stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Performance

Shares of HD stock traded down $9.06 during mid-day trading on Friday, hitting $354.10. 3,362,684 shares of the stock were exchanged, compared to its average volume of 3,408,835. The stock's fifty day simple moving average is $362.73 and its two-hundred day simple moving average is $382.50. The stock has a market capitalization of $352.31 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 4.03 and a beta of 1.02. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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 analysts' consensus estimates of $3.59 by ($0.03). The company 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 452.60% and a net margin of 9.45%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.63 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.60%. Home Depot's payout ratio is 62.42%.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were 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 now directly owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was 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 now owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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.