New York State Common Retirement Fund Sells 54,109 Shares of The Home Depot, Inc. (NYSE:HD)

New York State Common Retirement Fund trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,252,238 shares of the home improvement retailer's stock after selling 54,109 shares during the period. Home Depot comprises about 0.7% of New York State Common Retirement Fund's portfolio, making the stock its 23rd largest position. New York State Common Retirement Fund owned approximately 0.13% of Home Depot worth $458,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Security Advisor Inc. boosted its holdings in shares of Home Depot by 12.1% in the 1st quarter. Financial Security Advisor Inc. now owns 1,945 shares of the home improvement retailer's stock valued at $713,000 after buying an additional 210 shares in the last quarter. Platform Technology Partners increased its holdings in shares of Home Depot by 1.7% during the 1st quarter. Platform Technology Partners now owns 8,960 shares of the home improvement retailer's stock valued at $3,284,000 after purchasing an additional 154 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in shares of Home Depot by 0.4% during the 1st quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 48,180 shares of the home improvement retailer's stock valued at $17,657,000 after purchasing an additional 184 shares in the last quarter. Nikulski Financial Inc. increased its holdings in shares of Home Depot by 2.5% during the 1st quarter. Nikulski Financial Inc. now owns 8,584 shares of the home improvement retailer's stock valued at $3,146,000 after purchasing an additional 208 shares in the last quarter. Finally, Acorn Wealth Advisors LLC increased its holdings in shares of Home Depot by 1.2% during the 1st quarter. Acorn Wealth Advisors LLC now owns 4,254 shares of the home improvement retailer's stock valued at $1,559,000 after purchasing an additional 50 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 0.8%

Shares of HD stock opened at $370.15 on Friday. The company's 50-day moving average price is $366.14 and its 200-day moving average price is $375.43. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The stock has a market cap of $368.27 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.52 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted 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 net margin of 8.98% and a return on equity of 242.51%. The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the company earned $3.63 EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.49%. Home Depot's payout ratio is currently 62.42%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HD shares. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Gordon Haskett boosted their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada cut their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $426.77.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated 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 owned 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were 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 directly owned 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

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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