The Home Depot, Inc. (NYSE:HD) Shares Sold by Souders Financial Advisors

Souders Financial Advisors cut its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 17.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,858 shares of the home improvement retailer's stock after selling 2,539 shares during the quarter. Souders Financial Advisors' holdings in Home Depot were worth $4,346,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new stake in Home Depot during the first quarter worth approximately $406,000. Wealth Management Partners LLC lifted its stake in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after purchasing an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV lifted its stake in Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after purchasing an additional 221 shares during the last quarter. Disciplined Investors L.L.C. bought a new position in Home Depot in the 4th quarter worth about $409,000. Finally, ARS Wealth Advisors Group LLC grew its stake in Home Depot by 0.8% in the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after acquiring an additional 239 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 completion of 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 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 the 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 directly 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. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Gordon Haskett boosted their price target on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Morgan Stanley restated an "overweight" rating and issued a $415.00 price target (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Wells Fargo & Company set a $420.00 price target on shares of Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Finally, TD Securities cut shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

Home Depot stock traded up $6.64 during midday trading on Tuesday, hitting $370.68. 2,145,090 shares of the company were exchanged, compared to its average volume of 3,437,944. The firm has a market capitalization of $368.80 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 3.42 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The business has a fifty day simple moving average of $366.03 and a two-hundred day simple moving average of $374.29. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.63 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced 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 was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.48%. 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.