NBC Securities Inc. Raises Position in The Home Depot, Inc. (NYSE:HD)

NBC Securities Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 46,104.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,165 shares of the home improvement retailer's stock after purchasing an additional 10,143 shares during the quarter. NBC Securities Inc.'s holdings in Home Depot were worth $3,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Home Depot in the 4th quarter worth about $5,032,910,000. GAMMA Investing LLC boosted its stake in shares of Home Depot by 39,194.1% in the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after purchasing an additional 10,210,851 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Home Depot in the 4th quarter valued at about $2,212,546,000. Proficio Capital Partners LLC boosted its stake in shares of Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock valued at $793,486,000 after purchasing an additional 2,030,372 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Home Depot by 13.3% in the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was 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 owns 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred 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. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

Shares of HD traded up $0.81 during trading hours on Thursday, reaching $370.91. 710,812 shares of the company's stock traded hands, compared to its average volume of 3,401,827. The stock has a market cap of $369.03 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. 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 Home Depot, Inc. has a 12 month low of $323.93 and a 12 month high of $439.37. The firm's 50 day simple moving average is $361.54 and its 200-day simple moving average is $385.28.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly 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). The company had revenue of $39.86 billion for 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%. Home Depot's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.63 earnings per share. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given 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 2.48%. Home Depot's dividend payout ratio is presently 62.42%.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and lifted their target price for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Robert W. Baird dropped their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Finally, HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and lifted their target price for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot 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.