Raiffeisen Bank International AG Raises Position in The Home Depot, Inc. (NYSE:HD)

Key Points

• Raiffeisen Bank International AG increased its stake in The Home Depot by 5.0%, acquiring an additional 7,287 shares, bringing their total holdings to 153,441 shares valued at approximately $54.96 million.
• Home Depot reported Q1 earnings per share of $3.56, slightly below estimates, but revenue was up 9.4% year-over-year, totaling $39.86 billion.
• The company recently announced a quarterly dividend of $2.30 per share, reflecting an annualized yield of 2.5%, with a payout ratio of 62.42%.

Raiffeisen Bank International AG grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,441 shares of the home improvement retailer's stock after purchasing an additional 7,287 shares during the period. Raiffeisen Bank International AG's holdings in Home Depot were worth $54,957,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HD. Navigoe LLC bought a new stake in Home Depot during the fourth quarter valued at about $29,000. Abound Financial LLC bought a new stake in Home Depot during the first quarter valued at about $31,000. Iron Horse Wealth Management LLC grew its holdings in Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after purchasing an additional 46 shares during the period. Quarry LP grew its holdings in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the period. Finally, Quest 10 Wealth Builders Inc. grew its holdings in Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after purchasing an additional 30 shares during the period. Institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company'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 sale, 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 position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Up 1.0%

NYSE HD traded up $3.91 during trading hours on Tuesday, hitting $384.73. 673,825 shares of the company were exchanged, compared to its average volume of 3,517,439. The stock has a market cap of $382.78 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. The stock has a 50-day moving average price of $366.19 and a 200 day moving average price of $372.71. 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 released 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 for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.63 EPS. Analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid 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 2.4%. Home Depot's dividend payout ratio is 62.42%.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Gordon Haskett boosted their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Monday, June 30th. Evercore ISI set a $400.00 price objective on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. DA Davidson lowered their price objective on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Royal Bank Of Canada lowered their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $426.77.

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.