The Home Depot, Inc. (NYSE:HD) Stock Holdings Lifted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,025 shares of the home improvement retailer's stock after buying an additional 7,768 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Home Depot were worth $21,999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Navigoe LLC acquired a new stake in Home Depot in the 4th quarter valued at about $29,000. Quarry LP increased its stake in shares of 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 purchasing an additional 66 shares in the last quarter. Sellwood Investment Partners LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $39,000. Spurstone Advisory Services LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $45,000. Finally, Vega Investment Solutions purchased a new position in shares of Home Depot during the 4th quarter worth approximately $46,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.1%

NYSE HD traded down $0.49 during trading hours on Friday, hitting $371.36. The company had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,198. 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 market capitalization of $369.47 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 3.53 and a beta of 1.00. 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's 50 day moving average is $365.14 and its 200 day moving average is $376.33.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly 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). 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 during the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the company posted $3.63 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued 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 2.48%. Home Depot's dividend payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HD shares. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Jefferies Financial Group dropped their price objective on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, DA Davidson lowered their target price on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company'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 completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated 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 directly owned 7,951 shares of the company's stock, valued at approximately $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 currently owned by corporate insiders.

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.