Hudson Value Partners LLC Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

Hudson Value Partners LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 17.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,711 shares of the home improvement retailer's stock after selling 1,615 shares during the period. Hudson Value Partners LLC's holdings in Home Depot were worth $2,826,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Navigoe LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot during the 4th quarter valued at $32,000. Quarry LP grew its position in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in Home Depot in the 4th quarter valued at $39,000. Finally, NewSquare Capital LLC increased its stake in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after purchasing an additional 68 shares during the period. Institutional investors own 70.86% of the company's stock.

Insider Activity

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president now owns 7,951 shares in the company, valued at approximately $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 this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company'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 owns 17,367 shares in the company, valued at $6,413,285.76. The trade was 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HD shares. Royal Bank Of Canada cut their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. DA Davidson lowered their price objective on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. 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 research report on Wednesday, May 21st. Wells Fargo & Company decreased their price target on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Finally, Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Seven 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

NYSE:HD traded up $3.57 during trading hours on Tuesday, hitting $360.53. 4,088,327 shares of the company were exchanged, compared to its average volume of 3,425,237. 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 Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market capitalization of $358.70 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 3.39 and a beta of 1.02. The company's 50 day moving average price is $362.79 and its 200-day moving average price is $378.77.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.98% and a return on equity of 242.51%. The company had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period last year, the firm earned $3.63 earnings per share. Home Depot's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.55%. Home Depot's payout ratio is presently 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.