The Home Depot, Inc. (NYSE:HD) Stake Lowered by Cardinal Strategic Wealth Guidance

Cardinal Strategic Wealth Guidance reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 16.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,555 shares of the home improvement retailer's stock after selling 692 shares during the quarter. Home Depot comprises about 0.4% of Cardinal Strategic Wealth Guidance's investment portfolio, making the stock its 22nd biggest position. Cardinal Strategic Wealth Guidance's holdings in Home Depot were worth $1,303,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Navigoe LLC acquired a new stake in Home Depot in the 4th quarter valued at $29,000. Abound Financial LLC acquired a new stake in Home Depot in the 1st quarter valued at $31,000. Quarry LP increased its holdings in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new stake in Home Depot in the 4th quarter valued at $39,000. Finally, Quest 10 Wealth Builders Inc. increased its holdings in Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after purchasing an additional 30 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot 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. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was 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.

Home Depot Price Performance

Shares of NYSE HD traded down $3.15 during mid-day trading on Friday, reaching $370.15. 3,068,031 shares of the company traded hands, compared to its average volume of 3,433,785. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market cap of $368.27 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The stock has a fifty day simple moving average of $366.14 and a 200-day simple moving average of $375.43.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the business earned $3.63 EPS. Home Depot's revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.49%. Home Depot's dividend payout ratio (DPR) is 62.42%.

Analyst Ratings Changes

Several brokerages recently issued reports on HD. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and increased their price target for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Jefferies Financial Group lowered their target price on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Morgan Stanley restated an "overweight" rating and set a $415.00 target price (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Royal Bank Of Canada lowered their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Finally, Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.