HighPoint Advisor Group LLC Boosts Stake in The Home Depot, Inc. (NYSE:HD)

HighPoint Advisor Group LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,477 shares of the home improvement retailer's stock after buying an additional 2,366 shares during the quarter. Home Depot comprises approximately 0.8% of HighPoint Advisor Group LLC's investment portfolio, making the stock its 24th biggest holding. HighPoint Advisor Group LLC's holdings in Home Depot were worth $13,095,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HD. Navigoe LLC purchased a new stake in Home Depot in the fourth quarter valued at $29,000. Abound Financial LLC purchased a new stake in Home Depot in the first quarter valued at $31,000. Iron Horse Wealth Management LLC boosted its holdings in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after purchasing an additional 46 shares during the last quarter. Quarry LP boosted its holdings in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Finally, Sellwood Investment Partners LLC purchased a new stake in Home Depot in the fourth quarter valued at $39,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 transaction of $954,564.00. Following the completion of the sale, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

HD stock traded down $2.82 during mid-day trading on Thursday, reaching $373.53. The company's stock had a trading volume of 987,845 shares, compared to its average volume of 3,547,644. The stock has a market cap of $371.63 billion, a PE ratio of 25.34, a P/E/G ratio of 3.53 and a beta of 1.00. 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 Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company's 50 day moving average is $365.82 and its two-hundred day moving average is $374.10.

Home Depot (NYSE:HD - Get Free Report) last released 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 net margin of 8.98% and a return on equity of 242.51%. The firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.63 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 2.46%. Home Depot's payout ratio is 62.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Mizuho lowered their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Wells Fargo & Company set a $420.00 price target on shares of Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Monday, June 30th. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Morgan Stanley reissued an "overweight" rating and set a $415.00 target price (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot 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.