Buckingham Capital Management Inc. Has $2.62 Million Position in The Home Depot, Inc. (NYSE:HD)

Buckingham Capital Management Inc. cut its holdings in The Home Depot, Inc. (NYSE:HD) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,817 shares of the home improvement retailer’s stock after selling 264 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Home Depot were worth $2,615,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Marcum Wealth LLC increased its holdings in shares of Home Depot by 2.8% in the first quarter. Marcum Wealth LLC now owns 6,500 shares of the home improvement retailer’s stock valued at $2,493,000 after purchasing an additional 180 shares in the last quarter. Fragasso Group Inc. raised its position in shares of Home Depot by 7.6% during the first quarter. Fragasso Group Inc. now owns 1,997 shares of the home improvement retailer’s stock worth $766,000 after acquiring an additional 141 shares during the last quarter. Threadgill Financial LLC bought a new stake in shares of Home Depot during the first quarter worth $234,000. Aprio Wealth Management LLC lifted its stake in shares of Home Depot by 17.3% during the first quarter. Aprio Wealth Management LLC now owns 6,287 shares of the home improvement retailer’s stock valued at $2,412,000 after acquiring an additional 927 shares during the period. Finally, Inscription Capital LLC boosted its holdings in Home Depot by 7.7% in the first quarter. Inscription Capital LLC now owns 10,555 shares of the home improvement retailer’s stock valued at $3,815,000 after acquiring an additional 752 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

HD stock opened at $355.80 on Friday. The stock has a 50-day moving average price of $337.65 and a two-hundred day moving average price of $352.23. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The stock has a market cap of $352.81 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. During the same period last year, the company earned $3.82 earnings per share. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. TD Cowen cut their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Raymond James restated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, HSBC reduced their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $377.46.

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.