Sienna Gestion Has $22.33 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Key Points

• Sienna Gestion decreased its stock position in The Home Depot, Inc. by 9.0%, now holding 62,676 shares, valued at approximately $22.3 million.
• Analysts have mixed opinions on Home Depot, with the consensus rating being a "Moderate Buy" and a consensus price target of $427.38.
• Home Depot recently declared a quarterly dividend of $2.30 per share, reflecting an annualized dividend of $9.20 and a yield of 2.3%.

Sienna Gestion trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,676 shares of the home improvement retailer's stock after selling 6,172 shares during the quarter. Home Depot makes up 1.8% of Sienna Gestion's holdings, making the stock its 7th biggest holding. Sienna Gestion's holdings in Home Depot were worth $22,328,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HD. Navigoe LLC bought a new stake in Home Depot during the fourth quarter worth $29,000. Abound Financial LLC bought a new position in Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC grew its stake in Home Depot by 86.8% in the 1st 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 stake 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 period. Finally, Quest 10 Wealth Builders Inc. grew 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 valued at $42,000 after purchasing an additional 30 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction 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. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Trading Down 0.3%

HD traded down $1.03 on Friday, hitting $399.29. 3,840,292 shares of the company were exchanged, compared to its average volume of 3,118,386. The firm has a fifty day simple moving average of $370.47 and a two-hundred day simple moving average of $371.61. 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 Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market capitalization of $397.27 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.80 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share 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%. Home Depot's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.63 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot's payout ratio is presently 62.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HD shares. Guggenheim restated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. TD Securities downgraded Home Depot to a "buy" rating in a research note on Monday, June 2nd. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Wednesday. Finally, Robert W. Baird cut their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $427.48.

About Home Depot

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.