PBMares Wealth Management LLC Lowers Position in The Home Depot, Inc. (NYSE:HD)

PBMares Wealth Management LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 17.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,675 shares of the home improvement retailer's stock after selling 779 shares during the quarter. PBMares Wealth Management LLC's holdings in Home Depot were worth $1,347,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HD. Navigoe LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the fourth quarter valued at about $32,000. Quarry LP lifted its stake 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 purchasing an additional 66 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in shares of Home Depot in the 4th quarter valued at $39,000. Finally, NewSquare Capital LLC boosted its holdings in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after acquiring an additional 68 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 1.0%

HD traded up $3.57 during trading on Tuesday, hitting $360.53. 3,840,307 shares of the company's stock were exchanged, compared to its average volume of 3,428,631. The stock has a market cap of $358.70 billion, a P/E ratio of 24.46, a PEG ratio of 3.32 and a beta of 1.02. The business's 50 day moving average is $362.65 and its two-hundred day moving average is $378.90. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. Home Depot's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal 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 dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.55%. Home Depot's payout ratio is 62.42%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business'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 sale, the executive vice president now directly owns 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 legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the 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 transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Stifel Nicolaus upgraded 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 research report on Wednesday, May 21st. Wedbush reiterated an "outperform" rating and set a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. 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 report on Thursday, May 8th. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Seven research 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, Home Depot has an average rating of "Moderate Buy" and an average price target of $426.77.

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.