Motley Fool Asset Management LLC Has $20.20 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Key Points

• Motley Fool Asset Management LLC increased its holdings in Home Depot by 3.3%, acquiring an additional 1,782 shares, bringing its total to 55,122 shares, valued at approximately $20.2 million.
• Home Depot recently missed earnings expectations for the last quarter, reporting $3.56 EPS versus the consensus estimate of $3.59, despite achieving a revenue of $39.86 billion.
• The company declared a quarterly dividend of $2.30 per share, reflecting an annualized yield of 2.4%, with a payout ratio of 62.42%.

Motley Fool Asset Management LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,122 shares of the home improvement retailer's stock after buying an additional 1,782 shares during the quarter. Home Depot accounts for about 1.1% of Motley Fool Asset Management LLC's investment portfolio, making the stock its 21st largest position. Motley Fool Asset Management LLC's holdings in Home Depot were worth $20,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Navigoe LLC acquired a new stake in Home Depot during the 4th quarter valued at $29,000. Abound Financial LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at $31,000. Quarry LP increased its stake in shares of Home Depot by 220.0% in 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 during the period. Iron Horse Wealth Management LLC increased its stake in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after buying an additional 46 shares during the period. Finally, Quest 10 Wealth Builders Inc. increased its stake in shares of Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after buying an additional 30 shares during the period. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 1.6%

Shares of Home Depot stock traded down $6.45 during trading on Thursday, reaching $400.73. The stock had a trading volume of 3,598,429 shares, compared to its average volume of 3,514,982. The company has a market capitalization of $398.70 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 3.76 and a beta of 1.00. The stock has a fifty day moving average price of $369.19 and a two-hundred day moving average price of $372.20. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly 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). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.63 earnings per share. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Royal Bank Of Canada lowered their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Guggenheim reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. TD Securities cut Home Depot to a "buy" rating in a research note on Monday, June 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $427.38.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business'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 sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 sale, the executive vice president directly 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. Insiders own 0.10% of the company's stock.

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.