Endeavor Private Wealth Inc. Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Key Points

• Endeavor Private Wealth Inc. increased its stake in The Home Depot by 473.2% during the first quarter, now holding 1,777 shares valued at approximately $651,000.
• Home Depot reported quarterly earnings of $3.56 per share, slightly missing analyst expectations, but generating a revenue of $39.86 billion, which surpassed forecasts by 1.62%.
• The company recently declared a quarterly dividend of $2.30, resulting in an annualized dividend yield of 2.5% for shareholders.

Endeavor Private Wealth Inc. boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 473.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,777 shares of the home improvement retailer's stock after acquiring an additional 1,467 shares during the period. Endeavor Private Wealth Inc.'s holdings in Home Depot were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Home Depot in the 1st quarter worth approximately $406,000. Wealth Management Partners LLC lifted its stake in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares during the period. Arbor Capital Management Inc. ADV lifted its stake in Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after acquiring an additional 221 shares during the period. ARS Wealth Advisors Group LLC raised its holdings in Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after purchasing an additional 239 shares in the last quarter. Finally, Tabor Asset Management LP bought a new position in Home Depot in the first quarter worth $5,886,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 2.0%

Home Depot stock traded up $7.32 during mid-day trading on Monday, hitting $380.98. The company's stock had a trading volume of 2,843,316 shares, compared to its average volume of 3,228,696. The company has a 50 day moving average of $365.84 and a 200-day moving average of $372.91. The stock has a market cap of $379.05 billion, a PE ratio of 25.85, a P/E/G ratio of 3.55 and a beta of 1.00. 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 Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced 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 net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period last year, the company earned $3.63 EPS. The business's revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HD shares. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Royal Bank Of Canada lowered their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Gordon Haskett lifted their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. DA Davidson lowered their price objective on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Mizuho lowered their price objective 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. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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 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 completion of the sale, the executive vice president directly owned 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 hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was 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 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. 0.10% of the stock is currently owned by corporate insiders.

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.