The Home Depot, Inc. (NYSE:HD) Stock Holdings Boosted by Dover Advisors LLC

Dover Advisors LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 66.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,626 shares of the home improvement retailer's stock after purchasing an additional 3,052 shares during the quarter. Home Depot comprises 1.2% of Dover Advisors LLC's investment portfolio, making the stock its 19th largest holding. Dover Advisors LLC's holdings in Home Depot were worth $2,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hoey Investments Inc. increased its holdings in shares of Home Depot by 16.3% in the 1st quarter. Hoey Investments Inc. now owns 708 shares of the home improvement retailer's stock valued at $259,000 after purchasing an additional 99 shares in the last quarter. CRA Financial Services LLC increased its holdings in shares of Home Depot by 0.7% in the 1st quarter. CRA Financial Services LLC now owns 16,460 shares of the home improvement retailer's stock valued at $6,032,000 after purchasing an additional 119 shares in the last quarter. Opal Wealth Advisors LLC increased its holdings in shares of Home Depot by 1.6% in the 1st quarter. Opal Wealth Advisors LLC now owns 2,207 shares of the home improvement retailer's stock valued at $809,000 after purchasing an additional 35 shares in the last quarter. Pathway Financial Advisors LLC increased its holdings in shares of Home Depot by 20.9% in the 1st quarter. Pathway Financial Advisors LLC now owns 2,592 shares of the home improvement retailer's stock valued at $950,000 after purchasing an additional 448 shares in the last quarter. Finally, Southland Equity Partners LLC grew its stake in Home Depot by 7.2% in the 1st quarter. Southland Equity Partners LLC now owns 2,410 shares of the home improvement retailer's stock valued at $883,000 after acquiring an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Home Depot in a research note on Monday, June 2nd. Finally, Mizuho decreased their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Down 2.5%

Shares of HD traded down $9.06 during mid-day trading on Friday, reaching $354.10. 3,362,684 shares of the stock traded hands, compared to its average volume of 3,405,556. The firm has a market cap of $352.31 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 4.03 and a beta of 1.02. The stock has a fifty day simple moving average of $362.73 and a 200 day simple moving average of $382.81. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the prior year, the business earned $3.63 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

Insider Transactions at Home Depot

In other Home Depot news, 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 transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

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.