Stratos Wealth Advisors LLC Trims Holdings in The Home Depot, Inc. (NYSE:HD)

Stratos Wealth Advisors LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 15.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,206 shares of the home improvement retailer's stock after selling 969 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Home Depot were worth $1,908,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Navigoe LLC bought a new stake in Home Depot in the fourth quarter valued at $29,000. Abound Financial LLC bought a new stake in Home Depot in the first quarter valued at $31,000. Quarry LP boosted its holdings in Home Depot by 220.0% in 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 in the last quarter. Sellwood Investment Partners LLC bought a new stake in Home Depot in the fourth quarter valued at $39,000. Finally, Spurstone Advisory Services LLC bought a new stake in Home Depot in the fourth quarter valued at $45,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, 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. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price 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. Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating and set a $415.00 target price (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Robert W. Baird dropped their target price on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Stock Performance

NYSE:HD traded up $2.93 during mid-day trading on Wednesday, reaching $370.43. The company's stock had a trading volume of 3,373,090 shares, compared to its average volume of 3,433,966. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm's fifty day moving average price is $365.52 and its two-hundred day moving average price is $375.92. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The stock has a market cap of $368.55 billion, a P/E ratio of 25.13, a PEG ratio of 3.50 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its 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). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same period last year, the firm posted $3.63 EPS. Home Depot's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

Home Depot 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.