The Home Depot, Inc. (NYSE:HD) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 326,927 shares of the home improvement retailer's stock after selling 2,891 shares during the quarter. Retirement Systems of Alabama's holdings in Home Depot were worth $119,815,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Walter & Keenan Wealth Management LLC IN ADV lifted its position in Home Depot by 2.1% in the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 10,607 shares of the home improvement retailer's stock worth $3,887,000 after buying an additional 216 shares during the last quarter. Trifecta Capital Advisors LLC lifted its position in Home Depot by 2.4% in the first quarter. Trifecta Capital Advisors LLC now owns 17,759 shares of the home improvement retailer's stock worth $6,508,000 after buying an additional 420 shares during the last quarter. Blue Trust Inc. lifted its position in Home Depot by 2.4% in the first quarter. Blue Trust Inc. now owns 27,376 shares of the home improvement retailer's stock worth $10,033,000 after buying an additional 650 shares during the last quarter. Brady Martz Wealth Solutions LLC lifted its position in shares of Home Depot by 1.6% during the first quarter. Brady Martz Wealth Solutions LLC now owns 6,575 shares of the home improvement retailer's stock worth $2,409,000 after purchasing an additional 104 shares during the last quarter. Finally, CLG LLC lifted its position in shares of Home Depot by 3.5% during the first quarter. CLG LLC now owns 1,704 shares of the home improvement retailer's stock worth $624,000 after purchasing an additional 58 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Up 2.1%

HD traded up $7.22 on Monday, hitting $356.84. The company had a trading volume of 3,852,734 shares, compared to its average volume of 3,425,990. The stock has a fifty day moving average price of $362.65 and a 200-day moving average price of $378.90. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The stock has a market capitalization of $355.03 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 3.32 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last posted its 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 company had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter last year, the firm earned $3.63 EPS. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. Analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.58%. Home Depot's payout ratio is 62.42%.

Insider Transactions 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 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 now owns 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HD. Jefferies Financial Group decreased their target price on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. JPMorgan Chase & Co. lifted their target price on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Wells Fargo & Company decreased their target price on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. 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. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $426.77.

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.