Embree Financial Group Purchases New Shares in The Home Depot, Inc. (NYSE:HD)

Embree Financial Group acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 969 shares of the home improvement retailer's stock, valued at approximately $355,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Smith & Howard Wealth Management LLC lifted its stake in Home Depot by 2.9% in the first quarter. Smith & Howard Wealth Management LLC now owns 4,857 shares of the home improvement retailer's stock worth $1,780,000 after purchasing an additional 137 shares during the last quarter. WoodTrust Financial Corp lifted its stake in shares of Home Depot by 1.8% during the 1st quarter. WoodTrust Financial Corp now owns 28,400 shares of the home improvement retailer's stock worth $10,408,000 after acquiring an additional 501 shares during the last quarter. Spirepoint Private Client LLC boosted its holdings in Home Depot by 10.4% during the 1st quarter. Spirepoint Private Client LLC now owns 21,567 shares of the home improvement retailer's stock valued at $7,904,000 after acquiring an additional 2,040 shares during the period. Consolidated Portfolio Review Corp grew its position in Home Depot by 8.4% in the 1st quarter. Consolidated Portfolio Review Corp now owns 5,674 shares of the home improvement retailer's stock valued at $2,080,000 after acquiring an additional 440 shares during the last quarter. Finally, Capitol Family Office Inc. purchased a new stake in Home Depot in the first quarter worth $71,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock opened at $356.84 on Tuesday. The firm has a market capitalization of $355.03 billion, a P/E ratio of 24.21, a PEG ratio of 3.32 and a beta of 1.02. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The company has a 50 day moving average price of $362.65 and a 200 day moving average price of $378.90.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $39.24 billion. During the same quarter in the previous year, the firm posted $3.63 earnings per share. The company's quarterly revenue 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 year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 now owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's 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 transaction, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HD shares. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Mizuho dropped their target price 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. 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 for the company in a research note on Thursday, May 15th. Jefferies Financial Group dropped their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, Wedbush reaffirmed an "outperform" rating and set a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.