The Home Depot, Inc. (NYSE:HD) Stock Position Decreased by Chicago Capital LLC

Chicago Capital LLC decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,467 shares of the home improvement retailer's stock after selling 6,542 shares during the quarter. Chicago Capital LLC's holdings in Home Depot were worth $15,197,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HD. Norges Bank acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $5,032,910,000. GAMMA Investing LLC boosted its position in Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after purchasing an additional 10,210,851 shares during the period. Raymond James Financial Inc. bought a new position in Home Depot during the 4th quarter worth $2,212,546,000. Proficio Capital Partners LLC increased its position in Home Depot by 21,394.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after buying an additional 2,030,372 shares during the period. Finally, Northern Trust Corp lifted its stake in Home Depot by 13.3% in the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after buying an additional 1,424,857 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of HD traded down $4.83 during trading hours on Tuesday, hitting $348.74. 4,229,033 shares of the company were exchanged, compared to its average volume of 3,413,220. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market capitalization of $346.97 billion, a PE ratio of 23.69, a PEG ratio of 4.03 and a beta of 1.02. The firm has a fifty day simple moving average of $363.12 and a 200-day simple moving average of $381.65. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the prior year, the business posted $3.63 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.64%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business'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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company'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 transaction of $954,564.00. Following the completion of the transaction, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HD. Wells Fargo & Company reduced their price target on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Guggenheim restated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Gordon Haskett raised their price target on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. KGI Securities raised Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $426.77.

About Home Depot

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.