The Home Depot, Inc. (NYSE:HD) Shares Purchased by Rise Advisors LLC

Rise Advisors LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 46.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,426 shares of the home improvement retailer’s stock after acquiring an additional 449 shares during the quarter. Rise Advisors LLC’s holdings in Home Depot were worth $547,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bare Financial Services Inc purchased a new stake in shares of Home Depot in the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot during the 4th quarter worth approximately $27,000. Keener Financial Planning LLC acquired a new position in Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC boosted its holdings in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the period. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $35,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Wedbush reaffirmed an “outperform” rating and set a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Mizuho assumed coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $377.46.

Home Depot Price Performance

Shares of NYSE HD opened at $353.57 on Friday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm has a market capitalization of $350.60 billion, a PE ratio of 23.71, a P/E/G ratio of 2.44 and a beta of 1.00. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The business’s fifty day moving average price is $337.38 and its two-hundred day moving average price is $351.80.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same period last year, the firm posted $3.82 EPS. Home Depot’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.55%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

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.