The Home Depot, Inc. (NYSE:HD) Shares Sold by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI trimmed its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,324 shares of the home improvement retailer's stock after selling 2,252 shares during the quarter. Home Depot makes up approximately 2.2% of LVM Capital Management Ltd. MI's portfolio, making the stock its 14th largest position. LVM Capital Management Ltd. MI's holdings in Home Depot were worth $19,909,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HD. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the fourth quarter worth $28,000. Navigoe LLC acquired a new stake in Home Depot during the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $32,000. Finally, Quarry LP boosted its position in shares of 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 acquiring an additional 66 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's 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 transaction, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Trading Up 0.5%

Shares of Home Depot stock traded up $1.93 on Wednesday, hitting $375.01. 926,783 shares of the company traded hands, compared to its average volume of 3,410,179. The Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock's 50 day moving average price is $361.24 and its 200-day moving average price is $385.37. The company has a market cap of $373.11 billion, a PE ratio of 25.48, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last released its 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). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same quarter last year, the business earned $3.63 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on HD. Jefferies Financial Group reduced their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. DA Davidson cut their price target on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Telsey Advisory Group restated an "outperform" rating on shares of Home Depot in a report on Monday. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

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.