Aviance Capital Partners LLC Has $4.14 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Aviance Capital Partners LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,283 shares of the home improvement retailer's stock after selling 1,926 shares during the quarter. Aviance Capital Partners LLC's holdings in Home Depot were worth $4,135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Sollinda Capital Management LLC lifted its stake in Home Depot by 2.5% in the 4th quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock worth $434,000 after acquiring an additional 27 shares in the last quarter. Hurlow Wealth Management Group Inc. lifted its stake in Home Depot by 1.3% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock worth $831,000 after acquiring an additional 27 shares in the last quarter. Invst LLC lifted its stake in Home Depot by 0.4% in the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after acquiring an additional 28 shares in the last quarter. Financial Insights Inc. raised its stake in shares of Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after purchasing an additional 28 shares in the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC raised its stake in shares of Home Depot by 2.0% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,484 shares of the home improvement retailer's stock worth $577,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HD. JPMorgan Chase & Co. raised their price target on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the stock an "overweight" rating in a research note on Monday, June 30th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research note on Monday, June 30th. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and raised their price target for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Seven investment 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction 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 owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was 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 Price Performance

Shares of HD stock traded down $4.17 during trading hours on Monday, hitting $367.51. The company had a trading volume of 3,431,640 shares, compared to its average volume of 3,438,176. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. 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 fifty day moving average is $365.14 and its 200 day moving average is $376.15. The firm has a market capitalization of $365.65 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 3.53 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its 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 the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.63 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.50%. Home Depot's payout ratio is 62.42%.

About Home Depot

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.