William Allan Corp Purchases 2,092 Shares of The Home Depot, Inc. (NYSE:HD)

William Allan Corp grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,495 shares of the home improvement retailer's stock after acquiring an additional 2,092 shares during the period. Home Depot accounts for 3.8% of William Allan Corp's holdings, making the stock its 8th biggest holding. William Allan Corp's holdings in Home Depot were worth $6,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in HD. Navigoe LLC bought a new position in Home Depot in the 4th quarter worth about $29,000. Abound Financial LLC bought a new position in shares of Home Depot during the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC boosted its stake in shares of Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after purchasing an additional 46 shares in the last quarter. Quarry LP boosted 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 valued at $37,000 after purchasing an additional 66 shares in the last quarter. Finally, Sellwood Investment Partners LLC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $39,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of NYSE HD traded down $3.19 during midday trading on Thursday, reaching $373.17. The company had a trading volume of 925,922 shares, compared to its average volume of 3,546,961. The business's 50-day simple moving average is $365.82 and its 200 day simple moving average is $374.10. The stock has a market cap of $371.27 billion, a P/E ratio of 25.32, a P/E/G ratio of 3.53 and a beta of 1.00. 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.

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 analysts' consensus estimates 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 return on equity of 242.51% and a net margin of 8.98%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.63 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.47%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Insider Buying and Selling at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm'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 completion of the transaction, the executive vice president owned 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Mizuho dropped their price objective 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. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Gordon Haskett increased their price objective on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty have given 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 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.