Financial Enhancement Group LLC Raises Position in The Home Depot, Inc. (NYSE:HD)

Financial Enhancement Group LLC lifted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 93.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,465 shares of the home improvement retailer's stock after buying an additional 708 shares during the period. Financial Enhancement Group LLC's holdings in Home Depot were worth $519,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Asset Planning Services Inc. LA ADV lifted its holdings in shares of Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the period. Cornerstone Wealth Group LLC boosted its position in Home Depot by 9.3% in the first quarter. Cornerstone Wealth Group LLC now owns 32,071 shares of the home improvement retailer's stock worth $11,754,000 after purchasing an additional 2,726 shares during the last quarter. Invesco LLC grew its stake in shares of Home Depot by 11.1% during the 1st quarter. Invesco LLC now owns 4,282 shares of the home improvement retailer's stock valued at $1,569,000 after purchasing an additional 427 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Home Depot by 1.8% in the 1st quarter. Harbour Capital Advisors LLC now owns 18,621 shares of the home improvement retailer's stock worth $6,627,000 after purchasing an additional 324 shares during the period. Finally, Proactive Wealth Strategies LLC boosted its holdings in shares of Home Depot by 5.7% in the first quarter. Proactive Wealth Strategies LLC now owns 2,181 shares of the home improvement retailer's stock worth $799,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred 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 now directly owns 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 filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 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. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Up 1.0%

NYSE:HD opened at $360.53 on Wednesday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company's 50 day moving average is $362.79 and its two-hundred day moving average is $378.77. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The company has a market cap of $358.70 billion, a PE ratio of 24.46, a P/E/G ratio of 3.39 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last issued its 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). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter last year, the business earned $3.63 EPS. The business's revenue was up 9.4% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Friday, June 20th. Royal Bank Of Canada decreased their target price 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. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. 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. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 target price (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $426.77.

About Home Depot

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.

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