Nisa Investment Advisors LLC Has $111.69 Million Stake in The Home Depot, Inc. (NYSE:HD)

Nisa Investment Advisors LLC lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 304,766 shares of the home improvement retailer's stock after selling 49,556 shares during the quarter. Home Depot makes up about 0.6% of Nisa Investment Advisors LLC's portfolio, making the stock its 26th biggest position. Nisa Investment Advisors LLC's holdings in Home Depot were worth $111,694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG grew its position in shares of Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after acquiring an additional 565 shares during the period. Proficio Capital Partners LLC grew its position in shares of Home Depot by 11.1% during the 4th quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer's stock valued at $4,102,000 after acquiring an additional 1,055 shares during the period. Clare Market Investments LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $472,000. Finally, Davis R M Inc. grew its position in shares of Home Depot by 0.4% during the 4th quarter. Davis R M Inc. now owns 151,002 shares of the home improvement retailer's stock valued at $58,738,000 after acquiring an additional 586 shares during the period. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HD shares. Sanford C. Bernstein restated a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Robert W. Baird decreased their price target on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Gordon Haskett raised their price target on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. 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. Finally, Mizuho decreased their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Insider Buying and Selling at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business'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 transaction, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,996,327.68. Following the transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Trading Down 0.8%

Home Depot stock traded down $3.15 during midday trading on Friday, reaching $370.15. The stock had a trading volume of 3,068,031 shares, compared to its average volume of 3,433,785. The firm's fifty day simple moving average is $366.14 and its two-hundred day simple moving average is $375.43. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm 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.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the prior year, the business posted $3.63 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.49%. Home Depot's dividend payout ratio (DPR) is presently 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.