Raleigh Capital Management Inc. Has $981,000 Stake in The Home Depot, Inc. (NYSE:HD)

Raleigh Capital Management Inc. cut its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 20.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,677 shares of the home improvement retailer's stock after selling 675 shares during the quarter. Raleigh Capital Management Inc.'s holdings in Home Depot were worth $981,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HD. Navigoe LLC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $29,000. Quarry LP lifted its position in Home Depot by 220.0% in the 4th 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 last quarter. Sellwood Investment Partners LLC acquired a new position in Home Depot during the 4th quarter valued at about $39,000. Spurstone Advisory Services LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $45,000. Finally, Vega Investment Solutions bought a new position in Home Depot in the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president owned 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HD. Gordon Haskett boosted their price objective on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Wells Fargo & Company set a $420.00 price target on shares of Home Depot and gave the stock an "overweight" rating in a research report on Monday, June 30th. Royal Bank Of Canada reduced their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. JPMorgan Chase & Co. increased their price objective on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, TD Securities lowered shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Price Performance

Shares of NYSE:HD traded down $4.17 during trading on Monday, reaching $367.51. The stock had a trading volume of 3,431,640 shares, compared to its average volume of 3,438,169. The stock has a market capitalization of $365.65 billion, a PE ratio of 24.93, a P/E/G ratio of 3.53 and a beta of 1.00. 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 Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The business's 50-day moving average price is $365.14 and its 200 day moving average price is $376.15.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the company earned $3.63 EPS. The company's 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 Announces Dividend

The firm also recently disclosed 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 2.50%. Home Depot's dividend payout ratio is currently 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.