The Home Depot, Inc. (NYSE:HD) Shares Sold by POM Investment Strategies LLC

POM Investment Strategies LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 61.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 815 shares of the home improvement retailer's stock after selling 1,302 shares during the period. Home Depot comprises 0.3% of POM Investment Strategies LLC's investment portfolio, making the stock its 21st biggest position. POM Investment Strategies LLC's holdings in Home Depot were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Navigoe LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $29,000. Abound Financial LLC acquired a new position in shares of Home Depot in the 1st quarter worth approximately $31,000. Quarry LP lifted its holdings 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 worth $37,000 after acquiring an additional 66 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $39,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents 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.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research reports. Robert W. Baird reduced their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and upped their price objective for the stock from $405.00 to $425.00 in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price objective on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Finally, TD Securities downgraded shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Trading Down 0.8%

Shares of NYSE:HD traded down $3.03 during trading on Friday, reaching $370.27. The stock had a trading volume of 1,542,392 shares, compared to its average volume of 3,433,102. The business has a fifty day moving average price of $366.03 and a 200-day moving average price of $375.75. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The stock has a market cap of $368.39 billion, a P/E ratio of 25.11, a PEG ratio of 3.53 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share 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 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 firm earned $3.63 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

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.