J.W. Cole Advisors Inc. Boosts Stake in The Home Depot, Inc. (NYSE:HD)

J.W. Cole Advisors Inc. increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 52.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,762 shares of the home improvement retailer's stock after acquiring an additional 14,684 shares during the period. J.W. Cole Advisors Inc.'s holdings in Home Depot were worth $15,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Navigoe LLC purchased a new position in Home Depot during the fourth quarter worth approximately $29,000. Abound Financial LLC purchased a new position in shares of Home Depot in the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC lifted its position in shares of 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 acquiring an additional 46 shares in the last quarter. Quarry LP lifted its position in shares of 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 acquiring an additional 66 shares in the last quarter. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Home Depot in the fourth quarter valued at approximately $39,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's 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 completion of the sale, the executive vice president directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $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 owned by insiders.

Home Depot Stock Up 1.3%

NYSE:HD traded up $4.64 during midday trading on Monday, reaching $364.04. The company had a trading volume of 3,503,660 shares, compared to its average volume of 3,442,646. The firm has a market capitalization of $362.20 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 3.42 and a beta of 1.00. The stock's fifty day simple moving average is $366.03 and its 200-day simple moving average is $374.29. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last released its 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). The company had revenue of $39.86 billion during 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 company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $3.63 earnings per share. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared 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. This represents a $9.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada decreased their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. TD Securities downgraded Home Depot to a "buy" rating in a research report on Monday, June 2nd. Morgan Stanley reiterated an "overweight" rating and set a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Finally, Mizuho reduced their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Home Depot currently has a consensus 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.