MainStreet Investment Advisors LLC lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,389 shares of the home improvement retailer's stock after selling 1,920 shares during the period. Home Depot accounts for about 1.8% of MainStreet Investment Advisors LLC's holdings, making the stock its 12th largest holding. MainStreet Investment Advisors LLC's holdings in Home Depot were worth $12,603,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Interstate Bank boosted its stake in Home Depot by 0.3% during the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after purchasing an additional 28 shares during the last quarter. Van Cleef Asset Management Inc boosted its stake in Home Depot by 0.4% during the 1st quarter. Van Cleef Asset Management Inc now owns 15,331 shares of the home improvement retailer's stock valued at $5,619,000 after purchasing an additional 60 shares during the last quarter. Alpha Financial Partners LLC boosted its stake in Home Depot by 5.3% during the 1st quarter. Alpha Financial Partners LLC now owns 1,636 shares of the home improvement retailer's stock valued at $599,000 after purchasing an additional 83 shares during the last quarter. Topsail Wealth Management LLC boosted its stake in Home Depot by 5.1% during the 1st quarter. Topsail Wealth Management LLC now owns 2,912 shares of the home improvement retailer's stock valued at $1,067,000 after purchasing an additional 141 shares during the last quarter. Finally, Banque Pictet & Cie SA boosted its stake in Home Depot by 70.5% during the 1st quarter. Banque Pictet & Cie SA now owns 3,218 shares of the home improvement retailer's stock valued at $1,179,000 after purchasing an additional 1,331 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.
Home Depot Stock Down 0.8%
HD stock traded down $3.13 during trading on Friday, hitting $370.17. 1,542,392 shares of the company's stock traded hands, compared to its average volume of 3,433,048. The firm has a market capitalization of $368.29 billion, a P/E ratio of 25.11, a PEG ratio of 3.53 and a beta of 1.00. The business has a fifty day simple moving average of $366.03 and a two-hundred day simple moving average of $375.75. 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 Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.
Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.63 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.
Home Depot Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.49%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.
Insider Buying and Selling at Home Depot
In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction 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 transaction, the executive vice president directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot 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 completion of the transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% 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.
Analyst Ratings Changes
Several analysts have commented on the company. TD Securities downgraded Home Depot to a "buy" rating in a research note on Monday, June 2nd. Jefferies Financial Group lowered their price target on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. DA Davidson lowered their price target on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Robert W. Baird lowered their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Finally, Wells Fargo & Company set a $420.00 price target on Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $426.77.
Check Out Our Latest Stock Report on Home Depot
About Home Depot
(
Free Report)
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.
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