Kathmere Capital Management LLC Has $2.99 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Kathmere Capital Management LLC lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,157 shares of the home improvement retailer's stock after selling 716 shares during the quarter. Kathmere Capital Management LLC's holdings in Home Depot were worth $2,989,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HD. Navigoe LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in Home Depot in the 1st quarter valued at approximately $31,000. Quarry LP grew 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 in the last quarter. Sellwood Investment Partners LLC bought a new position in Home Depot in the fourth quarter valued at approximately $39,000. Finally, Quest 10 Wealth Builders Inc. grew its stake in Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HD shares. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Mizuho decreased their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an "overweight" rating in a research note on Monday, June 30th. Guggenheim restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Morgan Stanley restated an "overweight" rating and issued a $415.00 price target (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

NYSE:HD traded down $3.15 during mid-day trading on Friday, hitting $370.15. 3,068,031 shares of the stock were exchanged, compared to its average volume of 3,436,129. The stock has a market capitalization of $368.27 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. The firm's 50-day simple moving average is $366.14 and its 200 day simple moving average is $375.57. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week 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 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm 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 business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 earnings per share. As a group, equities 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 issued a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.49%. Home Depot's dividend payout ratio is presently 62.42%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% 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 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.