The Home Depot, Inc. (NYSE:HD) Stake Lowered by RFP Financial Group LLC

RFP Financial Group LLC lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,286 shares of the home improvement retailer's stock after selling 1,372 shares during the period. Home Depot makes up about 1.2% of RFP Financial Group LLC's investment portfolio, making the stock its 18th biggest position. RFP Financial Group LLC's holdings in Home Depot were worth $3,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bernardo Wealth Planning LLC grew its holdings in Home Depot by 7.7% during the 1st quarter. Bernardo Wealth Planning LLC now owns 770 shares of the home improvement retailer's stock valued at $282,000 after buying an additional 55 shares during the last quarter. Register Financial Advisors LLC grew its holdings in Home Depot by 1.6% during the 1st quarter. Register Financial Advisors LLC now owns 4,154 shares of the home improvement retailer's stock valued at $1,522,000 after buying an additional 66 shares during the last quarter. Weaver Capital Management LLC grew its holdings in Home Depot by 2.1% during the 1st quarter. Weaver Capital Management LLC now owns 9,977 shares of the home improvement retailer's stock valued at $3,656,000 after buying an additional 209 shares during the last quarter. Monte Financial Group LLC grew its holdings in Home Depot by 3.1% during the 1st quarter. Monte Financial Group LLC now owns 18,885 shares of the home improvement retailer's stock valued at $6,705,000 after buying an additional 567 shares during the last quarter. Finally, Marietta Wealth Management LLC grew its holdings in Home Depot by 8.9% during the 1st quarter. Marietta Wealth Management LLC now owns 30,066 shares of the home improvement retailer's stock valued at $11,019,000 after buying an additional 2,452 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

NYSE:HD traded up $3.57 during midday trading on Tuesday, hitting $360.53. 4,088,327 shares of the stock were exchanged, compared to its average volume of 3,425,237. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a market capitalization of $358.70 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 3.39 and a beta of 1.02. The business has a 50-day moving average price of $362.65 and a two-hundred day moving average price of $378.90. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last posted 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). The company had revenue of $39.86 billion during 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%. Home Depot's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.63 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 dividend yield of 2.55%. Home Depot's dividend payout ratio is currently 62.42%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot 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 transaction, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot 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 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 disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. DA Davidson decreased their price objective on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. Morgan Stanley restated an "overweight" rating and set a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and raised their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Finally, Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.