The Home Depot, Inc. (NYSE:HD) Shares Sold by Fiduciary Alliance LLC

Fiduciary Alliance LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,215 shares of the home improvement retailer's stock after selling 3,936 shares during the quarter. Home Depot makes up about 1.6% of Fiduciary Alliance LLC's portfolio, making the stock its 10th biggest holding. Fiduciary Alliance LLC's holdings in Home Depot were worth $16,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter valued at about $28,000. Navigoe LLC purchased a new stake in Home Depot in the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot in the 4th quarter valued at about $32,000. Quarry LP raised its holdings in 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 period. Finally, Sellwood Investment Partners LLC purchased a new stake in Home Depot in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Up 1.5%

Home Depot stock traded up $5.41 during mid-day trading on Tuesday, hitting $373.37. The company had a trading volume of 3,355,699 shares, compared to its average volume of 3,421,042. The stock has a market cap of $371.48 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.93 and a 1 year high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business has a fifty day moving average of $361.04 and a 200 day moving average of $385.45.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 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 analysts' expectations of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.63 earnings per share. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 yield of 2.46%. Home Depot's dividend payout ratio is currently 62.42%.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was 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 of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HD. Robert W. Baird reduced their price objective 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. Gordon Haskett boosted their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Morgan Stanley restated an "overweight" rating and issued a $415.00 price objective (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Telsey Advisory Group reiterated an "outperform" rating on shares of Home Depot in a research note on Monday. Finally, Mizuho cut their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

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.