Jaffetilchin Investment Partners LLC Reduces Position in The Home Depot, Inc. (NYSE:HD)

Jaffetilchin Investment Partners LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 9.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,303 shares of the home improvement retailer's stock after selling 1,305 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Home Depot were worth $4,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd grew its position in shares of Home Depot by 5.9% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 210,536 shares of the home improvement retailer's stock valued at $77,159,000 after buying an additional 11,801 shares during the last quarter. Canvas Wealth Advisors LLC boosted its holdings in Home Depot by 22.0% in the first quarter. Canvas Wealth Advisors LLC now owns 2,564 shares of the home improvement retailer's stock valued at $909,000 after acquiring an additional 463 shares during the last quarter. Transcend Capital Advisors LLC increased its position in Home Depot by 1.7% during the 1st quarter. Transcend Capital Advisors LLC now owns 29,252 shares of the home improvement retailer's stock valued at $10,721,000 after purchasing an additional 487 shares during the period. Victrix Investment Advisors raised its holdings in Home Depot by 3.3% during the 1st quarter. Victrix Investment Advisors now owns 10,093 shares of the home improvement retailer's stock worth $3,610,000 after purchasing an additional 320 shares during the last quarter. Finally, Family Investment Center Inc. lifted its position in shares of Home Depot by 21.6% in the 1st quarter. Family Investment Center Inc. now owns 1,843 shares of the home improvement retailer's stock worth $675,000 after purchasing an additional 327 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HD. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and increased their price objective for the stock from $405.00 to $425.00 in a research report on Wednesday, May 21st. Jefferies Financial Group decreased their price target on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Gordon Haskett raised their target price on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $415.00 target price (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Insiders Place Their Bets

In other Home Depot 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 owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot 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 sale, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

NYSE:HD traded up $6.47 during trading hours on Tuesday, hitting $373.11. 3,685,454 shares of the company's stock traded hands, compared to its average volume of 3,426,801. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The business's fifty day simple moving average is $363.95 and its two-hundred day simple moving average is $376.92. 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 firm has a market cap of $371.22 billion, a P/E ratio of 25.34, a P/E/G ratio of 3.51 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last issued 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 net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter last year, the business posted $3.63 EPS. The business's revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business 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. 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 2.47%. Home Depot's dividend payout ratio is presently 62.42%.

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.