The Home Depot, Inc. (NYSE:HD) Shares Purchased by &Partners

&Partners increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 26.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,274 shares of the home improvement retailer’s stock after purchasing an additional 1,744 shares during the quarter. &Partners’ holdings in Home Depot were worth $3,193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bare Financial Services Inc acquired a new position in Home Depot in the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot in the 4th quarter valued at about $27,000. Keener Financial Planning LLC acquired a new position in Home Depot in the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC grew its position 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 valued at $32,000 after acquiring an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot in the 4th quarter valued at about $35,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the company’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 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 at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. HSBC dropped their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Royal Bank of Canada boosted their price objective on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. Evercore ISI boosted their price objective on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. DA Davidson reissued a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a research report on Monday, April 1st. Finally, UBS Group lowered their price objective on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.46.

Home Depot Price Performance

Home Depot stock opened at $355.80 on Monday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. 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 has a 50 day simple moving average of $337.65 and a 200-day simple moving average of $352.41. The stock has a market capitalization 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.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $36.65 billion. During the same quarter in the prior year, the business earned $3.82 earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

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