Fishman Jay A Ltd. MI Decreases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Fishman Jay A Ltd. MI reduced its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,839 shares of the home improvement retailer's stock after selling 9,261 shares during the quarter. Home Depot makes up 2.1% of Fishman Jay A Ltd. MI's holdings, making the stock its 12th largest position. Fishman Jay A Ltd. MI's holdings in Home Depot were worth $19,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Wealth Group Ltd. boosted its position in shares of Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after buying an additional 27 shares during the period. Sollinda Capital Management LLC boosted its position in shares of Home Depot by 2.5% in the fourth quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock worth $434,000 after buying an additional 27 shares during the period. Hurlow Wealth Management Group Inc. boosted its position in shares of Home Depot by 1.3% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock worth $831,000 after buying an additional 27 shares during the period. Invst LLC boosted its position in shares of Home Depot by 0.4% in the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after buying an additional 28 shares during the period. Finally, Fi3 FINANCIAL ADVISORS LLC boosted its position in shares of Home Depot by 2.0% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,484 shares of the home improvement retailer's stock worth $577,000 after buying an additional 29 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Gordon Haskett upped their target price on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. DA Davidson cut their price target on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. JPMorgan Chase & Co. boosted their price target on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Evercore ISI set a $400.00 price target on Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research note 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Price Performance

Home Depot stock opened at $350.21 on Friday. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The company has a market capitalization of $348.44 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The business has a 50 day simple moving average of $362.65 and a 200 day simple moving average of $379.75.

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 analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.63 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.63%. Home Depot's dividend payout ratio is presently 62.42%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated 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 $6,413,285.76. This represents 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 at this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $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. 0.10% of the stock is currently owned by corporate insiders.

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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