Davidson Investment Advisors Boosts Stake in The Home Depot, Inc. (NYSE:HD)

Davidson Investment Advisors grew its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,956 shares of the home improvement retailer's stock after purchasing an additional 1,587 shares during the quarter. Home Depot comprises approximately 1.2% of Davidson Investment Advisors' investment portfolio, making the stock its 25th largest position. Davidson Investment Advisors' holdings in Home Depot were worth $24,172,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Planning Directions Inc. increased its stake in shares of Home Depot by 926.4% in the 1st quarter. Planning Directions Inc. now owns 14,534 shares of the home improvement retailer's stock valued at $5,326,000 after acquiring an additional 13,118 shares in the last quarter. Capital Management Associates Inc boosted its holdings in Home Depot by 84.1% during the 1st quarter. Capital Management Associates Inc now owns 1,042 shares of the home improvement retailer's stock worth $382,000 after acquiring an additional 476 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its holdings in shares of Home Depot by 3.1% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,641 shares of the home improvement retailer's stock worth $601,000 after buying an additional 50 shares during the last quarter. Abound Financial LLC purchased a new position in shares of Home Depot in the 1st quarter worth about $31,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Home Depot by 6.0% in the 1st quarter. Crossmark Global Holdings Inc. now owns 84,472 shares of the home improvement retailer's stock worth $30,958,000 after buying an additional 4,787 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other Home Depot 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 sale, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their position. 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 $4.17 during trading on Monday, reaching $367.51. The stock had a trading volume of 3,431,640 shares, compared to its average volume of 3,438,170. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The business has a fifty day moving average price of $365.14 and a 200-day moving average price of $376.15. The stock has a market cap of $365.65 billion, a PE ratio of 24.93, a PEG ratio of 3.53 and a beta of 1.00. 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 issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion during 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%. The business's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.63 earnings per share. On average, equities analysts forecast 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 disclosed 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. This represents a $9.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Analyst Upgrades and Downgrades

HD has been the topic of several analyst reports. Mizuho decreased their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Wells Fargo & Company set a $420.00 target price on Home Depot and gave the stock an "overweight" rating in a research note on Monday, June 30th. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and increased their price objective for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Finally, Morgan Stanley reissued an "overweight" rating and set a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven equities 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

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.