Lbp Am Sa Reduces Stock Holdings in The Home Depot, Inc. (NYSE:HD)

LBP AM SA trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,716 shares of the home improvement retailer's stock after selling 7,317 shares during the period. LBP AM SA's holdings in Home Depot were worth $34,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after buying an additional 565 shares during the period. Proficio Capital Partners LLC grew its position in Home Depot by 11.1% during the fourth quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer's stock worth $4,102,000 after buying an additional 1,055 shares in the last quarter. Clare Market Investments LLC bought a new position in Home Depot in the 4th quarter worth about $472,000. Finally, Davis R M Inc. raised its holdings in shares of Home Depot by 0.4% in the 4th quarter. Davis R M Inc. now owns 151,002 shares of the home improvement retailer's stock valued at $58,738,000 after acquiring an additional 586 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.8%

HD traded down $3.15 on Friday, hitting $370.15. The company had a trading volume of 3,068,031 shares, compared to its average volume of 3,438,963. The stock has a fifty day simple moving average of $366.03 and a 200-day simple moving average of $375.75. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market capitalization of $368.27 billion, a P/E ratio of 25.11, a P/E/G ratio of 3.53 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the prior year, the company posted $3.63 EPS. The firm's revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Monday, June 30th. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and increased their target price for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price target on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Finally, DA Davidson lowered their price objective on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.