The Home Depot, Inc. (NYSE:HD) Shares Acquired by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 32.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,174 shares of the home improvement retailer's stock after purchasing an additional 1,524 shares during the period. Wealth Alliance Advisory Group LLC's holdings in Home Depot were worth $2,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC boosted its position in Home Depot by 11.8% during the first quarter. Granite Bay Wealth Management LLC now owns 15,566 shares of the home improvement retailer's stock worth $5,705,000 after purchasing an additional 1,641 shares in the last quarter. Firethorn Wealth Partners LLC increased its stake in shares of Home Depot by 5.1% during the 1st quarter. Firethorn Wealth Partners LLC now owns 1,847 shares of the home improvement retailer's stock valued at $677,000 after acquiring an additional 90 shares during the last quarter. Financial Management Professionals Inc. grew its stake in shares of Home Depot by 2.1% during the 1st quarter. Financial Management Professionals Inc. now owns 2,344 shares of the home improvement retailer's stock valued at $859,000 after buying an additional 48 shares during the period. Sendero Wealth Management LLC purchased a new position in shares of Home Depot in the 1st quarter worth about $221,000. Finally, Northside Capital Management LLC raised its stake in shares of Home Depot by 1.2% in the 1st quarter. Northside Capital Management LLC now owns 3,243 shares of the home improvement retailer's stock valued at $1,189,000 after acquiring an additional 40 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction on 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 approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.9%

Shares of NYSE:HD traded down $3.43 during trading hours on Thursday, hitting $368.97. The company's stock had a trading volume of 2,320,479 shares, compared to its average volume of 3,408,067. The firm's fifty day moving average price is $361.54 and its 200 day moving average price is $385.28. The Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37. 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 company has a market capitalization of $367.10 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $3.63 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. Gordon Haskett raised their price target on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. KGI Securities raised Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Guggenheim restated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Robert W. Baird dropped their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.