PYA Waltman Capital LLC Reduces Stake in The Home Depot, Inc. (NYSE:HD)

PYA Waltman Capital LLC cut its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 11.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,061 shares of the home improvement retailer's stock after selling 1,209 shares during the quarter. Home Depot comprises about 1.0% of PYA Waltman Capital LLC's holdings, making the stock its 23rd largest position. PYA Waltman Capital LLC's holdings in Home Depot were worth $3,321,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Navigoe LLC bought a new position in Home Depot in the 4th quarter worth about $29,000. Abound Financial LLC bought a new position in Home Depot in the 1st quarter worth about $31,000. Quarry LP increased its stake in 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 bought a new position in Home Depot in the 4th quarter worth about $39,000. Finally, Quest 10 Wealth Builders Inc. increased its stake in 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 worth $42,000 after acquiring an additional 30 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HD shares. Robert W. Baird cut their price objective on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. DA Davidson dropped their target price on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Finally, Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president directly owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction on 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 completion of the transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents 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 currently owned by company insiders.

Home Depot Stock Down 0.8%

Shares of Home Depot stock traded down $3.15 on Friday, reaching $370.15. The company's stock had a trading volume of 3,068,031 shares, compared to its average volume of 3,436,129. The company has a market capitalization of $368.27 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 3.55 and a beta of 1.00. The firm's fifty day simple moving average is $366.14 and its two-hundred day simple moving average is $375.57. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

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). The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 2.49%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

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.