Capital Advisors Inc. OK Lowers Stake in The Home Depot, Inc. (NYSE:HD)

Capital Advisors Inc. OK decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,729 shares of the home improvement retailer's stock after selling 11,878 shares during the period. Capital Advisors Inc. OK's holdings in Home Depot were worth $31,785,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HD. Navigoe LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $29,000. Quarry LP boosted its position in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the period. Sellwood Investment Partners LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $39,000. Spurstone Advisory Services LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $45,000. Finally, Vega Investment Solutions purchased a new position in shares of Home Depot during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In related news, EVP Fahim Siddiqui sold 2,600 shares of the 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 transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at $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 is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction 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 directly owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents 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 Up 0.8%

Shares of NYSE HD traded up $2.93 during mid-day trading on Wednesday, reaching $370.43. The company had a trading volume of 3,373,090 shares, compared to its average volume of 3,438,683. 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 firm has a 50 day simple moving average of $365.72 and a two-hundred day simple moving average of $375.88. The stock has a market cap of $368.55 billion, a P/E ratio of 25.13, a PEG ratio of 3.49 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

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 analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $3.63 earnings per share. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HD shares. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and increased their target price for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Mizuho reduced their target price on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Wells Fargo & Company set a $420.00 target price on shares of Home Depot and gave the stock an "overweight" rating in a report on Monday, June 30th. Finally, Jefferies Financial Group reduced their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.