Boyar Asset Management Inc. Has $9.19 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Boyar Asset Management Inc. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,081 shares of the home improvement retailer's stock after selling 1,891 shares during the period. Home Depot accounts for 6.7% of Boyar Asset Management Inc.'s holdings, making the stock its 4th biggest position. Boyar Asset Management Inc.'s holdings in Home Depot were worth $9,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Wealth Group Ltd. grew its stake in shares of Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after buying an additional 27 shares during the last quarter. Sollinda Capital Management LLC grew its holdings in shares of Home Depot by 2.5% in the fourth quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock worth $434,000 after acquiring an additional 27 shares during the period. Hurlow Wealth Management Group Inc. increased its position in Home Depot by 1.3% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock valued at $831,000 after acquiring an additional 27 shares during the last quarter. Invst LLC lifted its holdings in Home Depot by 0.4% in the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after acquiring an additional 28 shares during the period. Finally, Fi3 FINANCIAL ADVISORS LLC boosted its position in Home Depot by 2.0% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,484 shares of the home improvement retailer's stock worth $577,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. Jefferies Financial Group reduced their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Sanford C. Bernstein restated a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. 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. Wedbush reiterated an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, DA Davidson cut their price objective on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Seven research 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now directly 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 filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 transaction, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was 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.

Home Depot Price Performance

HD stock traded up $1.84 during midday trading on Thursday, hitting $363.70. The company's stock had a trading volume of 3,184,311 shares, compared to its average volume of 3,421,021. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The company has a 50 day moving average of $363.10 and a two-hundred day moving average of $378.66. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm has a market capitalization of $361.85 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 3.43 and a beta of 1.02.

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 (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $3.63 earnings per share. On average, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Thursday, June 5th. 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.