DekaBank Deutsche Girozentrale Sells 199,533 Shares of The Home Depot, Inc. (NYSE:HD)

DekaBank Deutsche Girozentrale reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 23.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 640,625 shares of the home improvement retailer's stock after selling 199,533 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.06% of Home Depot worth $228,960,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Navigoe LLC bought a new position in shares of Home Depot in the fourth quarter valued at $29,000. Abound Financial LLC bought a new position in shares of Home Depot in the first quarter valued at $31,000. Quarry LP lifted its stake in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares in the last quarter. Sellwood Investment Partners LLC bought a new position in shares of Home Depot in the fourth quarter valued at $39,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Home Depot in the fourth quarter valued at $45,000. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's 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 transaction, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% 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 insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on HD. Wells Fargo & Company set a $420.00 price objective on shares of Home Depot and gave the company an "overweight" rating in a research note on Monday, June 30th. Gordon Haskett raised their price objective on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Monday, June 30th. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and increased their target price for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Finally, TD Securities downgraded shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Trading Down 0.1%

Shares of NYSE HD traded down $0.19 during mid-day trading on Tuesday, hitting $367.45. The stock had a trading volume of 2,530,041 shares, compared to its average volume of 3,434,565. 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 Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The business has a 50 day moving average price of $365.35 and a two-hundred day moving average price of $375.98. The firm has a market cap of $365.59 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued 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). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the previous year, the firm earned $3.63 earnings per share. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

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.