Journey Strategic Wealth LLC Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Journey Strategic Wealth LLC grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 45.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,050 shares of the home improvement retailer's stock after acquiring an additional 5,329 shares during the period. Journey Strategic Wealth LLC's holdings in Home Depot were worth $6,249,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SFE Investment Counsel lifted its stake in Home Depot by 62.4% in the 1st quarter. SFE Investment Counsel now owns 877 shares of the home improvement retailer's stock valued at $321,000 after purchasing an additional 337 shares during the last quarter. AJ Advisors LLC increased its stake in Home Depot by 7.4% in the first quarter. AJ Advisors LLC now owns 1,572 shares of the home improvement retailer's stock valued at $576,000 after acquiring an additional 108 shares during the last quarter. Carnegie Investment Counsel lifted its stake in Home Depot by 88.1% in the 1st quarter. Carnegie Investment Counsel now owns 93,913 shares of the home improvement retailer's stock valued at $33,193,000 after purchasing an additional 43,982 shares during the last quarter. Ninepoint Partners LP bought a new stake in shares of Home Depot during the first quarter worth $695,000. Finally, Pinnacle Associates Ltd. grew its stake in shares of Home Depot by 4.2% during the first quarter. Pinnacle Associates Ltd. now owns 155,536 shares of the home improvement retailer's stock worth $57,002,000 after buying an additional 6,203 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

HD traded up $2.08 during trading on Friday, reaching $375.17. 2,220,183 shares of the company were exchanged, compared to its average volume of 3,349,543. The company's 50-day moving average is $365.59 and its two-hundred day moving average is $373.93. The company has a market cap of $373.27 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 3.55 and a beta of 1.00. 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 Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

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). The firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.63 earnings per share. Research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.45%. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. 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 company's stock in a transaction dated Thursday, May 22nd. The shares were 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 of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. DA Davidson reduced their price objective on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Robert W. Baird lowered their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Monday, June 30th. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price target (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company set a $420.00 target price on shares of Home Depot and gave the stock an "overweight" rating in a research report on Monday, June 30th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average 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.