Natural Investments LLC Has $6.89 Million Stake in The Home Depot, Inc. (NYSE:HD)

Key Points

• Natural Investments LLC reduced its stake in Home Depot by 3.6%, owning 18,789 shares valued at approximately $6.9 million, which constitutes about 1.9% of its overall portfolio.
• In its latest quarterly report, Home Depot reported an EPS of $3.56, slightly below analysts' expectations, but its revenue rose to $39.86 billion, exceeding estimates.
• Home Depot announced a quarterly dividend of $2.30 per share, resulting in an annualized yield of 2.4%, with a payout ratio of 62.42%.

Natural Investments LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,789 shares of the home improvement retailer's stock after selling 701 shares during the quarter. Home Depot accounts for about 1.9% of Natural Investments LLC's investment portfolio, making the stock its 7th largest position. Natural Investments LLC's holdings in Home Depot were worth $6,885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new stake in Home Depot in the 1st quarter valued at approximately $406,000. Wealth Management Partners LLC grew its holdings in shares of Home Depot by 0.6% during the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after purchasing an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV grew its holdings in shares of Home Depot by 4.8% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock worth $1,757,000 after purchasing an additional 221 shares in the last quarter. ARS Wealth Advisors Group LLC grew its holdings in shares of Home Depot by 0.8% during the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock worth $11,628,000 after purchasing an additional 239 shares in the last quarter. Finally, Tabor Asset Management LP acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $5,886,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Evercore ISI set a $400.00 price objective on Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Royal Bank Of Canada decreased their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Jefferies Financial Group decreased their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Finally, Gordon Haskett lifted their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was 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 of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

HD traded up $1.60 during trading on Friday, hitting $387.77. The company's stock had a trading volume of 2,326,668 shares, compared to its average volume of 3,127,176. The firm's 50 day moving average price is $367.64 and its two-hundred day moving average price is $372.52. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock has a market capitalization of $385.80 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the previous year, the firm posted $3.63 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot's payout ratio is presently 62.42%.

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.