Strategic Planning Group LLC Has $3.18 Million Position in The Home Depot, Inc. (NYSE:HD)

Strategic Planning Group LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 20.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,687 shares of the home improvement retailer's stock after acquiring an additional 1,447 shares during the quarter. Strategic Planning Group LLC's holdings in Home Depot were worth $3,184,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HD. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the fourth quarter worth about $28,000. Navigoe LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $32,000. Quarry LP raised 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 worth $37,000 after buying an additional 66 shares during the last quarter. Finally, Marshall Investment Management LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $41,000. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on HD. Wedbush reaffirmed an "outperform" rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Stock Performance

HD stock traded down $3.43 during mid-day trading on Thursday, hitting $368.97. 2,320,479 shares of the company were exchanged, compared to its average volume of 3,408,067. The Home Depot, Inc. has a 1-year low of $323.93 and a 1-year high of $439.37. The stock has a market capitalization of $367.10 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The business has a 50 day simple moving average of $361.54 and a 200-day simple moving average of $385.28. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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 the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.49%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

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.