Cullen Investment Group LTD. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 14.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,115 shares of the home improvement retailer's stock after selling 2,931 shares during the period. Cullen Investment Group LTD.'s holdings in Home Depot were worth $6,273,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Wealth Group Ltd. raised its holdings in Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after buying an additional 27 shares during the last quarter. Tallon Kerry Patrick bought a new stake in shares of Home Depot in the 4th quarter worth $281,000. Capital & Planning LLC grew its stake in shares of Home Depot by 110.2% in the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock worth $418,000 after acquiring an additional 563 shares in the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Home Depot by 0.7% in the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock worth $1,765,000 after acquiring an additional 32 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.
Insider Transactions at Home Depot
In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was 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 owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Tuesday, May 20th. Jefferies Financial Group reduced their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.
View Our Latest Stock Report on HD
Home Depot Trading Down 0.1%
Shares of Home Depot stock traded down $0.44 during trading on Friday, hitting $367.85. The stock had a trading volume of 4,110,311 shares, compared to its average volume of 3,433,492. The Home Depot, Inc. has a 12 month low of $323.93 and a 12 month high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm's fifty day simple moving average is $360.92 and its 200-day simple moving average is $386.04. The stock has a market cap of $365.65 billion, a PE ratio of 24.99, a PEG ratio of 4.03 and a beta of 1.05.
Home Depot (NYSE:HD - Get Free Report) last released its 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). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the previous year, the business earned $3.63 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.
Home Depot Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot's payout ratio is 62.42%.
About Home Depot
(
Free Report)
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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