First Foundation Advisors Has $3.68 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Key Points

• First Foundation Advisors reduced its stake in Home Depot by 10.1%, bringing its holdings to $3.68 million after selling 1,123 shares in the first quarter.
• Home Depot's recent earnings report indicated a miss in EPS estimates, reporting $3.56 per share compared to the expected $3.59, despite a year-over-year revenue increase of 9.4%.
• The company declared a quarterly dividend of $2.30 per share, reflecting an annual yield of 2.44% and a dividend payout ratio of 62.42%.

First Foundation Advisors reduced its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,041 shares of the home improvement retailer's stock after selling 1,123 shares during the quarter. First Foundation Advisors' holdings in Home Depot were worth $3,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HD. Geode Capital Management LLC lifted its stake in shares of Home Depot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock valued at $8,525,046,000 after purchasing an additional 257,036 shares during the period. Asset Planning Services Inc. LA ADV increased its stake in shares of Home Depot by 99,400.7% in 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 acquiring an additional 18,956,701 shares during the last quarter. Capital Research Global Investors raised its position in shares of Home Depot by 5.5% in the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after acquiring an additional 647,552 shares during the period. Northern Trust Corp boosted its stake in Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after acquiring an additional 1,424,857 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after purchasing an additional 10,210,851 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction 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. The trade was a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated 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 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. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on HD. 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 research note on Tuesday, May 20th. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and lifted their target price for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. DA Davidson dropped their price target on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Mizuho decreased their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Up 0.5%

Shares of NYSE HD opened at $377.26 on Tuesday. 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's fifty day simple moving average is $365.55 and its 200 day simple moving average is $373.66. The firm has a market cap of $375.35 billion, a PE ratio of 25.59, a P/E/G ratio of 3.57 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share 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 business 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 company posted $3.63 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.44%. Home Depot's dividend payout ratio (DPR) 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.

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