West Coast Financial LLC Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

West Coast Financial LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,928 shares of the home improvement retailer's stock after selling 871 shares during the period. West Coast Financial LLC's holdings in Home Depot were worth $8,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Oak Asset Management LLC lifted its holdings in Home Depot by 0.8% during the 1st quarter. Oak Asset Management LLC now owns 9,632 shares of the home improvement retailer's stock worth $3,530,000 after purchasing an additional 75 shares in the last quarter. Breakwater Capital Group grew its stake in Home Depot by 21.4% in the first quarter. Breakwater Capital Group now owns 5,297 shares of the home improvement retailer's stock worth $1,941,000 after purchasing an additional 935 shares during the period. Chatham Capital Group Inc. boosted its position in shares of Home Depot by 2.7% in the 1st quarter. Chatham Capital Group Inc. now owns 13,886 shares of the home improvement retailer's stock worth $5,089,000 after purchasing an additional 359 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Home Depot by 20.1% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,204 shares of the home improvement retailer's stock valued at $4,842,000 after acquiring an additional 2,213 shares in the last quarter. Finally, Boltwood Capital Management lifted its stake in Home Depot by 2.9% during the 1st quarter. Boltwood Capital Management now owns 2,870 shares of the home improvement retailer's stock valued at $1,052,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling

In other Home Depot news, 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 sale, the executive vice president now owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. The trade was a 23.74% 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 Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

Shares of HD stock traded down $1.83 during trading hours on Friday, hitting $367.45. 2,347,724 shares of the company's stock were exchanged, compared to its average volume of 3,409,495. The stock has a market cap of $365.59 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock's 50-day moving average is $361.58 and its 200-day moving average is $384.99. The Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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 net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the prior year, the firm posted $3.63 earnings per share. The company's 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 EPS for the current year.

Home Depot Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on HD shares. Wedbush reaffirmed an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. DA Davidson cut their price target on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Finally, Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot 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.