The Home Depot, Inc. (NYSE:HD) Stock Holdings Increased by Simon Quick Advisors LLC

Simon Quick Advisors LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,275 shares of the home improvement retailer's stock after acquiring an additional 965 shares during the quarter. Simon Quick Advisors LLC's holdings in Home Depot were worth $3,033,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the fourth quarter valued at $28,000. Navigoe LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at $32,000. Quarry LP boosted its stake in shares of 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 acquiring an additional 66 shares during the last quarter. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Transactions at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the business's 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 completion of the transaction, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. 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 business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president now owns 17,367 shares of the company's stock, valued at $6,413,285.76. This represents 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

A number of analysts have issued reports on the company. Guggenheim reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. KGI Securities raised Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Wells Fargo & Company decreased their price target on Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group decreased their price target on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, Mizuho decreased their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Up 0.7%

Shares of NYSE:HD traded up $2.53 during mid-day trading on Thursday, hitting $362.99. 2,918,183 shares of the company traded hands, compared to its average volume of 3,405,620. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The firm's 50 day simple moving average is $361.89 and its 200 day simple moving average is $383.78. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market cap of $361.15 billion, a P/E ratio of 24.66, a PEG ratio of 4.03 and a beta of 1.02.

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 for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.63 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. Home Depot's payout ratio is 62.42%.

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.