The Home Depot, Inc. (NYSE:HD) Stock Position Increased by Kinsale Capital Group Inc.

Key Points

• Kinsale Capital Group Inc. increased its holdings in Home Depot by 15.4%, now owning 24,767 shares valued at approximately $9,077,000.
• Home Depot's quarterly earnings showed an EPS of $3.56, slightly missing estimates while reporting revenue of $39.86 billion, up 9.4% year-over-year.
• The company announced a quarterly dividend of $2.30 per share, translating to an annualized yield of 2.45% and a payout ratio of 62.42%.

Kinsale Capital Group Inc. increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 15.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,767 shares of the home improvement retailer's stock after acquiring an additional 3,299 shares during the quarter. Home Depot comprises about 2.2% of Kinsale Capital Group Inc.'s holdings, making the stock its 16th biggest holding. Kinsale Capital Group Inc.'s holdings in Home Depot were worth $9,077,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Navigoe LLC bought a new stake in Home Depot during the 4th quarter valued at $29,000. Abound Financial LLC bought a new stake in Home Depot during the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC raised its holdings in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after buying an additional 46 shares during the last quarter. Quarry LP raised its holdings in Home Depot by 220.0% during 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 last quarter. Finally, Quest 10 Wealth Builders Inc. raised its holdings in Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after buying an additional 30 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on HD shares. Gordon Haskett upped their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Mizuho lowered their target price 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. Guggenheim reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research note on Monday, June 30th. Finally, TD Securities lowered shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction dated 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 owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.7%

HD stock traded down $2.66 during mid-day trading on Thursday, hitting $369.43. 1,504,066 shares of the company were exchanged, compared to its average volume of 3,534,853. The company has a market capitalization of $367.55 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a fifty day simple moving average of $365.60 and a 200 day simple moving average of $373.68.

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). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the previous year, the business posted $3.63 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. On average, research 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 declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.49%. Home Depot's payout ratio is currently 62.42%.

Home Depot Company 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.