Sage Mountain Advisors LLC Has $3.35 Million Stake in The Home Depot, Inc. (NYSE:HD)

Sage Mountain Advisors LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 19.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,142 shares of the home improvement retailer's stock after selling 2,217 shares during the quarter. Sage Mountain Advisors LLC's holdings in Home Depot were worth $3,350,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HD. Wealthfront Advisers LLC raised its stake in shares of Home Depot by 0.3% in the first quarter. Wealthfront Advisers LLC now owns 109,716 shares of the home improvement retailer's stock valued at $40,210,000 after purchasing an additional 297 shares in the last quarter. First Business Financial Services Inc. raised its stake in shares of Home Depot by 4.6% in the first quarter. First Business Financial Services Inc. now owns 1,795 shares of the home improvement retailer's stock valued at $658,000 after purchasing an additional 79 shares in the last quarter. Mosaic Family Wealth Partners LLC raised its stake in shares of Home Depot by 3.6% in the first quarter. Mosaic Family Wealth Partners LLC now owns 1,943 shares of the home improvement retailer's stock valued at $712,000 after purchasing an additional 67 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in shares of Home Depot by 1.5% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 4,486 shares of the home improvement retailer's stock valued at $1,644,000 after purchasing an additional 67 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of Home Depot by 1.2% in the first quarter. Whittier Trust Co. now owns 71,675 shares of the home improvement retailer's stock valued at $26,267,000 after purchasing an additional 863 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Home Depot news, 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 value of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value 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. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot Trading Down 0.1%

Home Depot stock traded down $0.19 during mid-day trading on Friday, hitting $358.85. The stock had a trading volume of 2,078,310 shares, compared to its average volume of 3,429,618. The stock has a 50-day simple moving average of $366.09 and a two-hundred day simple moving average of $374.69. The stock has a market capitalization of $357.03 billion, a PE ratio of 24.34, a P/E/G ratio of 3.40 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.63 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is 62.42%.

Analysts Set New Price Targets

A number of brokerages recently commented on HD. Morgan Stanley restated an "overweight" rating and issued a $415.00 target price (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. DA Davidson lowered their price target on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. TD Securities cut Home Depot to a "buy" rating in a research report on Monday, June 2nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Monday, June 30th. Finally, Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and upped their price target for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently 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.