Castleview Partners LLC Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

Castleview Partners LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 32.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,835 shares of the home improvement retailer's stock after selling 1,877 shares during the quarter. Home Depot makes up 1.0% of Castleview Partners LLC's holdings, making the stock its 21st largest holding. Castleview Partners LLC's holdings in Home Depot were worth $1,405,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HD. Navigoe LLC purchased a new stake in shares of Home Depot in the 4th quarter worth $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter worth $32,000. Quarry LP lifted its holdings in shares of Home Depot by 220.0% in 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 period. Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot in the 4th quarter worth $39,000. Finally, NewSquare Capital LLC lifted its holdings in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after buying an additional 68 shares during the period. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on HD. Robert W. Baird lowered their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Gordon Haskett upped their price objective on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Jefferies Financial Group decreased their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $415.00 price target (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven research 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Trading Up 0.9%

HD stock traded up $3.18 during midday trading on Friday, hitting $350.21. 8,001,951 shares of the company's stock were exchanged, compared to its average volume of 3,424,242. The business has a 50-day simple moving average of $362.65 and a two-hundred day simple moving average of $379.75. 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 stock has a market capitalization of $348.44 billion, a PE ratio of 23.76, a P/E/G ratio of 3.32 and a beta of 1.02. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its 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). The business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $3.63 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid 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 yield of 2.63%. Home Depot's dividend payout ratio (DPR) is 62.42%.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on 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 now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction 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 completion of the sale, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was 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 owned by insiders.

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.