The Home Depot, Inc. (NYSE:HD) Stock Position Reduced by Diversify Wealth Management LLC

Diversify Wealth Management LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 22.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,265 shares of the home improvement retailer's stock after selling 3,888 shares during the period. Diversify Wealth Management LLC's holdings in Home Depot were worth $4,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Xponance Inc. raised its holdings in shares of Home Depot by 1.7% in the first quarter. Xponance Inc. now owns 224,929 shares of the home improvement retailer's stock valued at $82,434,000 after buying an additional 3,784 shares during the last quarter. Kesler Norman & Wride LLC grew its position in Home Depot by 1.6% during the first quarter. Kesler Norman & Wride LLC now owns 4,651 shares of the home improvement retailer's stock worth $1,706,000 after buying an additional 74 shares during the period. Country Club Bank grew its position in shares of Home Depot by 1.4% in the first quarter. Country Club Bank now owns 15,324 shares of the home improvement retailer's stock valued at $5,488,000 after purchasing an additional 205 shares during the last quarter. Fidelis Capital Partners LLC lifted its stake in shares of Home Depot by 14.1% during the first quarter. Fidelis Capital Partners LLC now owns 12,546 shares of the home improvement retailer's stock valued at $4,486,000 after buying an additional 1,554 shares during the period. Finally, Joseph Group Capital Management lifted its stake in shares of Home Depot by 10.4% during the first quarter. Joseph Group Capital Management now owns 13,281 shares of the home improvement retailer's stock valued at $4,867,000 after buying an additional 1,255 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on 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 directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred on Thursday, May 22nd. The stock was 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 in the company, valued at approximately $2,919,130.14. This trade 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 owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and upped their price objective for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. DA Davidson cut their price target on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Finally, Robert W. Baird cut their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Stock Performance

NYSE:HD traded down $3.15 during mid-day trading on Friday, hitting $370.15. The stock had a trading volume of 3,068,031 shares, compared to its average volume of 3,436,129. The stock has a market capitalization of $368.27 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 3.55 and a beta of 1.00. The company has a 50 day simple moving average of $366.03 and a 200-day simple moving average of $375.75. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter last year, the firm posted $3.63 earnings per share. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.49%. Home Depot's payout ratio is currently 62.42%.

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.