The Home Depot, Inc. (NYSE:HD) Position Boosted by Woodard & Co. Asset Management Group Inc. ADV

Key Points

• Woodard & Co. Asset Management Group Inc. ADV increased its stake in The Home Depot by 7.3%, acquiring an additional 685 shares, bringing their total holdings to 10,077 shares valued at approximately $3.69 million.
• Home Depot's most recent earnings report revealed a slight miss on EPS estimates ($3.56 vs. $3.59), but revenue of $39.86 billion exceeded expectations, indicating a 9.4% year-over-year increase.
• The company announced a quarterly dividend of $2.30 per share, equating to an annualized dividend of $9.20, with a yield of 2.45% and a payout ratio of 62.42%.

Woodard & Co. Asset Management Group Inc. ADV grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 7.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 10,077 shares of the home improvement retailer's stock after buying an additional 685 shares during the period. Home Depot accounts for approximately 0.8% of Woodard & Co. Asset Management Group Inc. ADV's portfolio, making the stock its 25th largest position. Woodard & Co. Asset Management Group Inc. ADV's holdings in Home Depot were worth $3,693,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Navigoe LLC purchased a new position in Home Depot during the fourth quarter worth approximately $29,000. Abound Financial LLC bought a new stake in shares of Home Depot in the 1st quarter worth about $31,000. Iron Horse Wealth Management LLC increased its position in shares of Home Depot by 86.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after purchasing an additional 46 shares during the last quarter. Quarry LP boosted its holdings in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares during the period. Finally, Quest 10 Wealth Builders Inc. lifted its stake in shares of Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after acquiring an additional 30 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm'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 completion of the sale, the executive vice president directly owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot 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 completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, 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 insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Gordon Haskett boosted their price target on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Wells Fargo & Company set a $420.00 price target on Home Depot and gave the stock an "overweight" rating in a report on Monday, June 30th. Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada decreased their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Price Performance

HD stock traded down $3.85 during trading on Thursday, hitting $368.23. The company had a trading volume of 1,235,123 shares, compared to its average volume of 3,533,002. The company has a fifty day moving average price of $365.60 and a two-hundred day moving average price of $373.68. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a market cap of $366.37 billion, a P/E ratio of 25.00, a P/E/G ratio of 3.59 and a beta of 1.00.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. Home Depot's payout ratio is presently 62.42%.

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.