539 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Seaside Wealth Management Inc.

Seaside Wealth Management Inc. bought a new position in The Home Depot, Inc. (NYSE:HD) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 539 shares of the home improvement retailer’s stock, valued at approximately $207,000.

Other hedge funds have also added to or reduced their stakes in the company. Francis Financial Inc. increased its position in Home Depot by 15.6% during the 1st quarter. Francis Financial Inc. now owns 963 shares of the home improvement retailer’s stock valued at $369,000 after purchasing an additional 130 shares during the period. Koss Olinger Consulting LLC purchased a new position in Home Depot in the 1st quarter valued at $5,998,000. Mayfair Advisory Group LLC grew its holdings in Home Depot by 8.3% in the 1st quarter. Mayfair Advisory Group LLC now owns 653 shares of the home improvement retailer’s stock valued at $250,000 after buying an additional 50 shares in the last quarter. Clarity Wealth Advisors LLC raised its position in Home Depot by 16.0% in the first quarter. Clarity Wealth Advisors LLC now owns 1,339 shares of the home improvement retailer’s stock valued at $514,000 after purchasing an additional 185 shares during the period. Finally, Chatham Capital Group Inc. increased its holdings in Home Depot by 8.0% in the 1st quarter. Chatham Capital Group Inc. now owns 12,451 shares of the home improvement retailer’s stock valued at $4,776,000 after purchasing an additional 917 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on HD. Guggenheim reissued a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. TD Cowen cut their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. 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. Bank of America raised their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Evercore ISI upped 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. One 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. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Insiders Place Their Bets

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Shares of HD opened at $344.54 on Monday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The stock has a market capitalization of $341.65 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.38 and a beta of 0.99. 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 company’s fifty day moving average is $338.51 and its two-hundred day moving average is $352.80.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (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 firm had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the prior year, the company posted $3.82 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.61%. Home Depot’s dividend payout ratio (DPR) 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.