Worth Financial Advisory Group LLC Has $840,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Worth Financial Advisory Group LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 36.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,293 shares of the home improvement retailer's stock after selling 1,338 shares during the quarter. Worth Financial Advisory Group LLC's holdings in Home Depot were worth $840,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in HD. Navigoe LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $32,000. Quarry LP increased its position in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $41,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Up 0.9%

Shares of NYSE:HD traded up $3.18 during mid-day trading on Friday, reaching $350.21. The stock had a trading volume of 8,001,951 shares, compared to its average volume of 3,424,242. The firm has a market cap of $348.44 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02. The firm has a 50 day simple moving average of $362.65 and a two-hundred day simple moving average of $379.75. 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 twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results 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). The company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $3.63 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.63%. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Royal Bank Of Canada dropped their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Wells Fargo & Company dropped their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, TD Securities lowered shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction that occurred 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 directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

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.