The Home Depot, Inc. (NYSE:HD) Shares Sold by Texas Yale Capital Corp.

Key Points

• Texas Yale Capital Corp. has reduced its stake in Home Depot by 1.2%, now holding approximately $37.95 million worth of stock, making it their 6th largest position.
• Several hedge funds increased their stakes in Home Depot significantly during the first quarter, with Asset Planning Services Inc. and GAMMA Investing LLC experiencing growth rates of 99,400.7% and 39,194.1% respectively.
• Home Depot reported a miss in earnings per share for the most recent quarter at $3.56, below analyst expectations of $3.59, despite a year-over-year revenue increase of 9.4%.

Texas Yale Capital Corp. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,537 shares of the home improvement retailer's stock after selling 1,262 shares during the period. Home Depot accounts for approximately 1.6% of Texas Yale Capital Corp.'s investment portfolio, making the stock its 6th biggest position. Texas Yale Capital Corp.'s holdings in Home Depot were worth $37,945,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HD. Navigoe LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $29,000. Abound Financial LLC purchased a new position in shares of Home Depot in the 1st quarter valued at $31,000. Quarry LP grew its position in shares of 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 buying an additional 66 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in shares of 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 buying an additional 46 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its stake in Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HD shares. Mizuho reduced their target price on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Jefferies Financial Group dropped their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Wells Fargo & Company set a $420.00 target price on shares of Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Finally, Royal Bank Of Canada lowered their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Down 0.2%

HD stock traded down $0.70 during trading on Wednesday, reaching $376.64. The stock had a trading volume of 676,215 shares, compared to its average volume of 3,532,125. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. 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 company has a market capitalization of $374.73 billion, a P/E ratio of 25.56, a PEG ratio of 3.59 and a beta of 1.00. The firm has a fifty day moving average price of $365.56 and a 200 day moving average price of $373.69.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.63 earnings per share. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.44%. Home Depot's dividend payout ratio is presently 62.42%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction 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 sale, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on 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 owned 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 disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Company 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.