Moss Adams Wealth Advisors LLC Has $2.97 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Moss Adams Wealth Advisors LLC lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 15.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,112 shares of the home improvement retailer's stock after purchasing an additional 1,085 shares during the quarter. Home Depot accounts for 0.3% of Moss Adams Wealth Advisors LLC's portfolio, making the stock its 28th largest position. Moss Adams Wealth Advisors LLC's holdings in Home Depot were worth $2,973,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Wiser Wealth Management Inc lifted its position in shares of Home Depot by 2.6% in the first quarter. Wiser Wealth Management Inc now owns 4,528 shares of the home improvement retailer's stock worth $1,659,000 after purchasing an additional 113 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of Home Depot by 181.4% in the first quarter. NewSquare Capital LLC now owns 287 shares of the home improvement retailer's stock worth $105,000 after purchasing an additional 185 shares in the last quarter. Courier Capital LLC lifted its position in shares of Home Depot by 5.7% in the first quarter. Courier Capital LLC now owns 13,291 shares of the home improvement retailer's stock worth $4,871,000 after purchasing an additional 713 shares in the last quarter. McDonough Capital Management Inc lifted its position in shares of Home Depot by 2.2% in the first quarter. McDonough Capital Management Inc now owns 15,308 shares of the home improvement retailer's stock worth $5,610,000 after purchasing an additional 332 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in shares of Home Depot by 1.5% in the first quarter. First Citizens Bank & Trust Co. now owns 59,141 shares of the home improvement retailer's stock worth $21,675,000 after purchasing an additional 894 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

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 transaction of $954,564.00. Following the completion of the transaction, the executive vice president now directly owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% 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.

Analyst Ratings Changes

A number of analysts have recently issued reports on HD shares. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Mizuho dropped 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. JPMorgan Chase & Co. increased their price objective on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Guggenheim restated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Finally, DA Davidson dropped their price objective on 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Performance

Shares of HD traded up $2.53 during mid-day trading on Thursday, hitting $362.99. The company's stock had a trading volume of 2,918,183 shares, compared to its average volume of 3,411,134. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market capitalization of $361.15 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The stock's 50-day moving average is $361.89 and its two-hundred day moving average is $383.78.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $3.63 earnings per share. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.53%. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

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.