The Home Depot, Inc. (NYSE:HD) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 202,431 shares of the home improvement retailer's stock after purchasing an additional 16,802 shares during the period. Home Depot accounts for 0.8% of IFM Investors Pty Ltd's portfolio, making the stock its 18th largest position. IFM Investors Pty Ltd's holdings in Home Depot were worth $82,025,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new stake in Home Depot during the first quarter worth approximately $503,000. Avantax Planning Partners Inc. grew its stake in Home Depot by 3.4% during the first quarter. Avantax Planning Partners Inc. now owns 27,696 shares of the home improvement retailer's stock worth $10,150,000 after buying an additional 919 shares during the period. Silver Oak Securities Incorporated grew its stake in Home Depot by 45.9% during the first quarter. Silver Oak Securities Incorporated now owns 10,725 shares of the home improvement retailer's stock worth $3,841,000 after buying an additional 3,372 shares during the period. Calamos Wealth Management LLC grew its stake in Home Depot by 0.5% during the first quarter. Calamos Wealth Management LLC now owns 62,992 shares of the home improvement retailer's stock worth $23,086,000 after buying an additional 319 shares during the period. Finally, Calamos Advisors LLC grew its stake in Home Depot by 1.0% during the first quarter. Calamos Advisors LLC now owns 257,306 shares of the home improvement retailer's stock worth $94,300,000 after buying an additional 2,442 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of NYSE:HD traded down $0.49 on Friday, reaching $371.36. 2,573,629 shares of the company's stock were exchanged, compared to its average volume of 3,438,130. The firm has a market capitalization of $369.47 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.53 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The business's 50-day moving average is $365.14 and its two-hundred day moving average is $376.33. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion for 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%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company posted $3.63 earnings per share. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued 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 dividend yield of 2.48%. Home Depot's dividend payout ratio (DPR) is 62.42%.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 owned 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The transaction was disclosed in a legal filing 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 stock was 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 in the company, 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.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HD shares. Morgan Stanley reiterated an "overweight" rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. DA Davidson decreased their price objective on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Wells Fargo & Company set a $420.00 price objective on shares of Home Depot and gave the stock an "overweight" rating in a research note on Monday. Gordon Haskett upped their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, Robert W. Baird decreased their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.