The Home Depot, Inc. (NYSE:HD) Shares Sold by Greenwood Gearhart Inc.

Greenwood Gearhart Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 25.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,647 shares of the home improvement retailer's stock after selling 1,612 shares during the quarter. Greenwood Gearhart Inc.'s holdings in Home Depot were worth $1,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Financial Gravity Asset Management Inc. bought a new stake in Home Depot in the 1st quarter worth approximately $406,000. Wealth Management Partners LLC increased its stake in Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV increased its stake in Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after acquiring an additional 221 shares during the last quarter. Disciplined Investors L.L.C. bought a new stake in Home Depot in the 4th quarter worth approximately $409,000. Finally, ARS Wealth Advisors Group LLC increased its stake in Home Depot by 0.8% in the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after acquiring an additional 239 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 0.8%

Shares of HD traded down $3.14 during midday trading on Thursday, reaching $373.22. 1,652,835 shares of the stock were exchanged, compared to its average volume of 3,550,496. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. 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's 50 day moving average is $365.82 and its two-hundred day moving average is $374.10. The company has a market capitalization of $371.32 billion, a P/E ratio of 25.32, a PEG ratio of 3.53 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released 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). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business 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 posted $3.63 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank Of Canada reduced their price objective on 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. Guggenheim reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. DA Davidson cut their target price on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and boosted their target price for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

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.