St. Johns Investment Management Company LLC Lowers Stake in The Home Depot, Inc. (NYSE:HD)

St. Johns Investment Management Company LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,679 shares of the home improvement retailer’s stock after selling 53 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Home Depot were worth $1,795,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Bey Douglas LLC acquired a new position in Home Depot during the fourth quarter worth approximately $913,000. Hartline Investment Corp boosted its holdings in Home Depot by 3.0% in the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after acquiring an additional 460 shares during the last quarter. Wolf Group Capital Advisors boosted its holdings in Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after acquiring an additional 430 shares during the last quarter. Alliance Wealth Management Group purchased a new stake in Home Depot during the fourth quarter valued at about $253,000. Finally, Zullo Investment Group Inc. increased its stake in Home Depot by 6.6% during the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after acquiring an additional 504 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

Shares of NYSE:HD opened at $341.49 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The firm has a 50-day simple moving average of $338.15 and a 200 day simple moving average of $352.59. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a market cap of $338.62 billion, a PE ratio of 22.90, a P/E/G ratio of 2.36 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $3.82 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup reduced their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. HSBC reduced their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Finally, UBS Group lowered their price target on Home Depot from $411.00 to $400.00 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 given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $378.42.

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.