Bowman & Co S.C. Has $2.91 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Bowman & Co S.C. lessened its stake in The Home Depot, Inc. (NYSE:HD) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,582 shares of the home improvement retailer’s stock after selling 70 shares during the quarter. Home Depot accounts for about 1.8% of Bowman & Co S.C.’s holdings, making the stock its 13th biggest position. Bowman & Co S.C.’s holdings in Home Depot were worth $2,908,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Bare Financial Services Inc acquired a new position in shares of Home Depot during the 4th quarter worth $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot in the 4th quarter valued at $27,000. Keener Financial Planning LLC acquired a new position in Home Depot in the 4th quarter valued at $31,000. PFG Private Wealth Management LLC grew its stake 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 buying an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HD. Wedbush reissued an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. Evercore ISI raised their price objective on shares of Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $352.00 to $395.00 in a report on Wednesday. UBS Group reduced their price objective on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, TD Cowen reduced their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s 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 transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Home Depot Stock Down 0.1 %

Shares of NYSE:HD opened at $341.49 on Friday. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a 50 day moving average of $338.15 and a 200-day moving average of $352.59. 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 stock has a market cap of $338.62 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 2.36 and a beta of 1.00.

Home Depot (NYSE:HD) last issued 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 net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the previous year, the company earned $3.82 EPS. Home Depot’s revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

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.