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

Narwhal Capital Management lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,364 shares of the home improvement retailer's stock after purchasing an additional 3,813 shares during the quarter. Home Depot comprises about 1.9% of Narwhal Capital Management's investment portfolio, making the stock its 11th largest position. Narwhal Capital Management's holdings in Home Depot were worth $21,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in HD. Norges Bank acquired a new stake in shares of Home Depot in the 4th quarter worth approximately $5,032,910,000. GAMMA Investing LLC boosted its position in Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after purchasing an additional 10,210,851 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Home Depot in the fourth quarter valued at $2,212,546,000. Proficio Capital Partners LLC increased its position in shares of Home Depot by 21,394.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock valued at $793,486,000 after buying an additional 2,030,372 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after buying an additional 1,424,857 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 0.9%

NYSE:HD opened at $350.21 on Monday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The business's 50-day moving average is $362.65 and its two-hundred day moving average is $379.42. 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 capitalization of $348.44 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion for 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 was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $3.63 earnings per share. Research analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors 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 2.63%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

Insiders Place Their Bets

In other Home Depot news, 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 now owns 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company'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 completion of the transaction, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% 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 company insiders.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Robert W. Baird dropped their price objective 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. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Evercore ISI set a $400.00 price target on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

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.

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