The Home Depot, Inc. (NYSE:HD) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,624 shares of the home improvement retailer's stock after selling 4,525 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Home Depot were worth $37,611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Liberty One Investment Management LLC raised its stake in Home Depot by 6.6% during the first quarter. Liberty One Investment Management LLC now owns 12,905 shares of the home improvement retailer's stock worth $4,729,000 after purchasing an additional 803 shares during the period. Stratos Investment Management LLC raised its position in shares of Home Depot by 15.0% in the 1st quarter. Stratos Investment Management LLC now owns 25,025 shares of the home improvement retailer's stock worth $9,172,000 after buying an additional 3,258 shares during the period. Black Diamond Financial LLC raised its position in shares of Home Depot by 11.9% in the 1st quarter. Black Diamond Financial LLC now owns 873 shares of the home improvement retailer's stock worth $320,000 after buying an additional 93 shares during the period. Hourglass Capital LLC raised its position in shares of Home Depot by 0.3% in the 1st quarter. Hourglass Capital LLC now owns 15,376 shares of the home improvement retailer's stock worth $5,635,000 after buying an additional 45 shares during the period. Finally, Garrett Wealth Advisory Group LLC raised its position in shares of Home Depot by 8.4% in the 1st quarter. Garrett Wealth Advisory Group LLC now owns 763 shares of the home improvement retailer's stock worth $280,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% 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

HD has been the subject of several research analyst reports. Mizuho dropped their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research note on Monday, June 30th. Gordon Haskett upped their price target on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Guggenheim restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Finally, DA Davidson dropped their price target on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Down 0.1%

HD traded down $0.19 on Tuesday, reaching $367.45. The company's stock had a trading volume of 2,530,041 shares, compared to its average volume of 3,434,565. The stock has a market cap of $365.59 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. 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 business's 50 day moving average is $365.35 and its 200 day moving average is $375.98.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.63 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed 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. This represents a $9.20 annualized dividend and a yield of 2.50%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

About Home Depot

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.