Flossbach Von Storch SE Reduces Position in The Home Depot, Inc. (NYSE:HD)

Flossbach Von Storch SE cut its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 20.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,455 shares of the home improvement retailer's stock after selling 14,123 shares during the period. Flossbach Von Storch SE's holdings in Home Depot were worth $20,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of HD. Navigoe LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $29,000. Abound Financial LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $31,000. Quarry LP boosted its holdings in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $39,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $45,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on 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 transaction, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% 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.

Home Depot Stock Performance

NYSE:HD opened at $367.45 on Wednesday. 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 firm has a 50-day moving average price of $365.52 and a two-hundred day moving average price of $375.92. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a market capitalization of $365.59 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.63 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $2.30 per share. 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 2.50%. Home Depot's dividend payout ratio (DPR) is 62.42%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and upped their target price for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Morgan Stanley restated 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. Mizuho lowered their target price on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Jefferies Financial Group lowered their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Home Depot currently 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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