Able Wealth Management LLC Boosts Position in The Home Depot, Inc. (NYSE:HD)

Able Wealth Management LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 117.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,459 shares of the home improvement retailer's stock after buying an additional 788 shares during the period. Able Wealth Management LLC's holdings in Home Depot were worth $535,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HD. Wealth Group Ltd. grew its holdings in Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after acquiring an additional 27 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares in the last quarter. Snider Financial Group boosted its holdings in shares of Home Depot by 90.7% in the 4th quarter. Snider Financial Group now owns 1,436 shares of the home improvement retailer's stock valued at $559,000 after buying an additional 683 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after buying an additional 565 shares in the last quarter. Finally, Exencial Wealth Advisors LLC boosted its stake in Home Depot by 12.7% during the 4th quarter. Exencial Wealth Advisors LLC now owns 7,746 shares of the home improvement retailer's stock worth $3,013,000 after purchasing an additional 875 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

NYSE:HD traded down $0.49 during mid-day trading on Thursday, hitting $371.36. 2,573,629 shares of the company's stock traded hands, compared to its average volume of 3,438,130. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The firm's 50 day simple moving average is $364.63 and its 200 day simple moving average is $376.86. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market cap of $369.47 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released 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). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period in the prior year, the business earned $3.63 earnings per share. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. Home Depot's dividend payout ratio is currently 62.42%.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm's 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 sale, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction that occurred 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 sale, 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 owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on HD shares. DA Davidson decreased their price target on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Robert W. Baird decreased their price target on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research note on Monday. Jefferies Financial Group decreased their price target on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, Mizuho decreased their price target 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. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.