Kathmere Capital Management LLC Acquires 1,111 Shares of The Home Depot, Inc. (NYSE:HD)

Kathmere Capital Management LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 20.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,487 shares of the home improvement retailer’s stock after purchasing an additional 1,111 shares during the quarter. Kathmere Capital Management LLC’s holdings in Home Depot were worth $2,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bare Financial Services Inc bought a new stake in Home Depot during the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot in the 4th quarter worth $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot in the 4th quarter worth $31,000. PFG Private Wealth Management LLC grew its stake in shares of 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 worth $32,000 after acquiring an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in shares of Home Depot in the 4th quarter worth $35,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Tuesday, May 14th. Wells Fargo & Company reduced their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Mizuho began coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. Wedbush reissued an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. Finally, Raymond James reissued a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Trading Up 0.8 %

Shares of HD opened at $344.24 on Friday. The business’s 50-day moving average price is $338.51 and its 200-day moving average price is $352.74. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The stock has a market cap of $341.35 billion, a PE ratio of 23.09, a P/E/G ratio of 2.36 and a beta of 1.00. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

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, beating 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 firm had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the prior year, the business posted $3.82 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis 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%.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

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.