Harbour Capital Advisors LLC Grows Stake in The Home Depot, Inc. (NYSE:HD)

Harbour Capital Advisors LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,929 shares of the home improvement retailer’s stock after buying an additional 138 shares during the quarter. Home Depot accounts for about 1.9% of Harbour Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Harbour Capital Advisors LLC’s holdings in Home Depot were worth $7,597,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Bare Financial Services Inc purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC boosted its holdings in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the period. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $35,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $344.24 on Friday. The business’s 50-day moving average is $338.51 and its two-hundred day moving average is $352.74. The company has a market capitalization of $341.35 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.36 and a beta of 1.00. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HD. Evercore ISI boosted their price target on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Tuesday, May 14th. Wells Fargo & Company lowered their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Finally, Wedbush restated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $378.42.

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.