CGN Advisors LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 28.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,359 shares of the home improvement retailer's stock after buying an additional 2,278 shares during the quarter. CGN Advisors LLC's holdings in Home Depot were worth $3,796,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Wealth Group Ltd. raised its stake in Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after acquiring an additional 27 shares during the period. Tallon Kerry Patrick acquired a new position in shares of Home Depot in the fourth quarter valued at $281,000. Capital & Planning LLC raised its position in shares of Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock valued at $418,000 after purchasing an additional 563 shares during the period. Ironwood Wealth Management LLC. lifted its stake in shares of Home Depot by 0.7% during the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock worth $1,765,000 after buying an additional 32 shares during the last quarter. Finally, Brighton Jones LLC boosted its holdings in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares during the period. Institutional investors own 70.86% of the company's stock.
Insider Buying and Selling
In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was 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. 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 Price Performance
Shares of NYSE:HD traded down $0.58 during trading on Wednesday, hitting $372.50. 2,427,204 shares of the company were exchanged, compared to its average volume of 3,415,928. The Home Depot, Inc. has a 1-year low of $323.93 and a 1-year high of $439.37. The company has a market capitalization of $370.61 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business's 50 day moving average is $361.24 and its 200-day moving average is $385.37.
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 for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.63 earnings per share. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.
Home Depot Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.47%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.
Analyst Upgrades and Downgrades
HD has been the subject of several research reports. Jefferies Financial Group cut their price objective on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Wedbush reiterated an "outperform" rating and set a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. DA Davidson lowered their price objective on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $426.77.
Get Our Latest Stock Report on HD
About Home Depot
(
Free Report)
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.
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