Greenwood Capital Associates LLC Decreases Stock Position in The Home Depot, Inc. (NYSE:HD)

Greenwood Capital Associates LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 21,321 shares of the home improvement retailer's stock after selling 1,963 shares during the quarter. Home Depot comprises approximately 1.1% of Greenwood Capital Associates LLC's portfolio, making the stock its 25th biggest position. Greenwood Capital Associates LLC's holdings in Home Depot were worth $7,814,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HD. Norges Bank bought a new stake in shares of Home Depot during the 4th quarter valued at about $5,032,910,000. GAMMA Investing LLC grew its stake in shares of Home Depot by 39,194.1% during the 1st 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. Raymond James Financial Inc. bought a new stake in shares of Home Depot during the 4th quarter valued at about $2,212,546,000. Proficio Capital Partners LLC grew its stake in shares of Home Depot by 21,394.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock valued at $793,486,000 after purchasing an additional 2,030,372 shares during the period. Finally, Northern Trust Corp grew its stake in shares of 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 valued at $4,726,186,000 after acquiring an additional 1,424,857 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 0.7%

HD stock traded up $2.53 during midday trading on Thursday, reaching $362.99. The company's stock had a trading volume of 2,918,183 shares, compared to its average volume of 3,405,620. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a fifty day simple moving average of $361.89 and a two-hundred day simple moving average of $383.78. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a market capitalization of $361.15 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly 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 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the previous year, the company posted $3.63 EPS. Home Depot's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Insider Transactions at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm'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 sale, the executive vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HD. DA Davidson cut their price objective on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. TD Securities downgraded Home Depot to a "buy" rating in a research note on Monday, June 2nd. Telsey Advisory Group reiterated an "outperform" rating on shares of Home Depot in a research note on Monday, June 2nd. Jefferies Financial Group lowered their price target on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Robert W. Baird lowered their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock 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.