Fahim Siddiqui Sells 2,600 Shares of The Home Depot, Inc. (NYSE:HD) Stock

The Home Depot, Inc. (NYSE:HD - Get Free Report) EVP Fahim Siddiqui sold 2,600 shares of the company'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 value of $954,564.00. Following the transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Home Depot Stock Down 0.1%

NYSE:HD traded down $0.44 during mid-day trading on Friday, hitting $367.85. The stock had a trading volume of 4,110,311 shares, compared to its average volume of 3,424,960. The stock has a 50-day simple moving average of $360.92 and a two-hundred day simple moving average of $385.87. The company has a market capitalization of $365.65 billion, a PE ratio of 24.99, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.93 and a twelve month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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 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 firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the business earned $3.63 EPS. The firm's revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on HD. Jefferies Financial Group reduced their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Wells Fargo & Company reduced their price objective on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and increased their price objective for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Evercore ISI set a $400.00 price objective on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Royal Bank of Canada cut their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Institutional Trading of Home Depot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HD. Asset Planning Services Inc. LA ADV raised its holdings in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after purchasing an additional 18,956,701 shares in the last quarter. Norges Bank purchased a new position in shares of Home Depot during the fourth quarter worth approximately $5,032,910,000. GAMMA Investing LLC grew its position in shares of Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after acquiring an additional 10,210,851 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Home Depot during the fourth quarter worth approximately $2,212,546,000. Finally, Nuveen LLC purchased a new position in shares of Home Depot during the first quarter worth approximately $2,076,592,000. Institutional investors and hedge funds own 70.86% of the company's stock.

About Home Depot

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.