The Home Depot, Inc. (NYSE:HD) Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,129 shares of the home improvement retailer's stock after selling 2,323 shares during the period. IFP Advisors Inc's holdings in Home Depot were worth $9,945,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Navigoe LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $29,000. Abound Financial LLC bought a new position in shares of Home Depot in the first quarter valued at approximately $31,000. Quarry LP lifted its stake 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. Iron Horse Wealth Management LLC lifted its stake 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. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $39,000. Institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Trading Up 1.0%

Shares of HD stock traded up $3.75 during mid-day trading on Wednesday, reaching $374.76. 1,190,405 shares of the stock traded hands, compared to its average volume of 3,551,021. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The company has a market cap of $372.86 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00. The stock's fifty day simple moving average is $366.03 and its two-hundred day simple moving average is $374.29.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion during 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 firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.63 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed 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 2.45%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

HD has been the subject of several recent research reports. Robert W. Baird lowered their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Stifel Nicolaus upgraded shares of 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 note on Wednesday, May 21st. JPMorgan Chase & Co. upped their price objective on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Wells Fargo & Company set a $420.00 price objective on Home Depot and gave the stock an "overweight" rating in a research note on Monday, June 30th. Finally, Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.