The Home Depot, Inc. (NYSE:HD) Shares Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 166.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,414 shares of the home improvement retailer's stock after purchasing an additional 8,371 shares during the quarter. Golden State Wealth Management LLC's holdings in Home Depot were worth $4,920,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Navigoe LLC acquired a new stake in Home Depot during the 4th quarter worth $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot in the fourth quarter valued at about $32,000. Quarry LP lifted its stake in Home Depot by 220.0% in the fourth 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. Sellwood Investment Partners LLC bought a new position in Home Depot during the fourth quarter worth about $39,000. Finally, NewSquare Capital LLC grew its position in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on 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 owns 17,367 shares of the company's stock, 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. Insiders own 0.10% of the company's stock.

Home Depot Stock Up 0.4%

Shares of NYSE:HD traded up $1.54 during trading on Wednesday, reaching $361.96. 4,159,113 shares of the stock were exchanged, compared to its average volume of 3,428,164. The stock has a fifty day moving average of $362.79 and a two-hundred day moving average of $378.77. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market cap of $360.12 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. Home Depot's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed 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. This represents a $9.20 annualized dividend and a yield of 2.54%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. TD Securities cut Home Depot to a "buy" rating in a research note on Monday, June 2nd. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. DA Davidson dropped their price objective on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Robert W. Baird lowered their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price target on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Seven research 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 company's stock. According to MarketBeat.com, Home Depot currently has a consensus 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.