The Home Depot, Inc. (NYSE:HD) Shares Acquired by Narwhal Capital Management

Narwhal Capital Management increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 59,364 shares of the home improvement retailer's stock after purchasing an additional 3,813 shares during the quarter. Home Depot accounts for 1.9% of Narwhal Capital Management's holdings, making the stock its 11th biggest holding. Narwhal Capital Management's holdings in Home Depot were worth $21,756,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Elwood & Goetz Wealth Advisory Group LLC grew its stake in Home Depot by 3.1% in the 1st quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 3,005 shares of the home improvement retailer's stock worth $1,101,000 after acquiring an additional 90 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its holdings in shares of Home Depot by 6.4% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 1,598 shares of the home improvement retailer's stock worth $586,000 after buying an additional 96 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Home Depot by 3.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 130,967 shares of the home improvement retailer's stock worth $47,998,000 after buying an additional 4,757 shares during the period. Park Capital Management LLC WI grew its position in shares of Home Depot by 4.0% during the 1st quarter. Park Capital Management LLC WI now owns 2,882 shares of the home improvement retailer's stock worth $1,056,000 after buying an additional 112 shares in the last quarter. Finally, Stiles Financial Services Inc increased its stake in shares of Home Depot by 6.3% during the first quarter. Stiles Financial Services Inc now owns 9,512 shares of the home improvement retailer's stock valued at $3,487,000 after buying an additional 566 shares during the period. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of Home Depot stock traded up $1.84 during trading hours on Thursday, reaching $363.70. The stock had a trading volume of 3,184,311 shares, compared to its average volume of 3,421,246. The stock's 50 day moving average is $363.28 and its 200 day moving average is $378.21. The firm has a market capitalization of $361.85 billion, a PE ratio of 24.67, a PEG ratio of 3.44 and a beta of 1.02. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month 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 released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.63 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.53%. Home Depot's payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HD shares. Wedbush reiterated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Friday, June 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. JPMorgan Chase & Co. raised their price objective on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, DA Davidson dropped their price objective on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $426.77.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president now owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% 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 this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the 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 completion of the sale, the executive vice president now directly owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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.