LifeWealth Investments LLC Buys 845 Shares of The Home Depot, Inc. (NYSE:HD)

LifeWealth Investments LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 82.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,866 shares of the home improvement retailer's stock after acquiring an additional 845 shares during the period. LifeWealth Investments LLC's holdings in Home Depot were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Navigoe LLC bought a new stake in Home Depot in the fourth quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot in the 4th quarter worth about $32,000. Quarry LP lifted its holdings in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares in the last quarter. Sellwood Investment Partners LLC purchased a new stake in Home Depot in the fourth quarter worth about $39,000. Finally, NewSquare Capital LLC lifted its position in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after purchasing an additional 68 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm'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 transaction, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot 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 transaction, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

HD has been the topic of several analyst reports. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Mizuho cut their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and lifted their target price for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Gordon Haskett upped their target price on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, Wedbush restated an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Seven investment 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 MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Price Performance

Home Depot stock opened at $348.74 on Wednesday. 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 stock has a market capitalization of $346.97 billion, a P/E ratio of 23.66, a P/E/G ratio of 3.36 and a beta of 1.02. The firm's 50-day moving average is $363.01 and its two-hundred day moving average is $381.43. 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 issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the prior year, the company earned $3.63 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.64%. Home Depot's payout ratio is currently 62.42%.

Home Depot Company 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.

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