Capital Advisors Ltd. LLC Acquires 66 Shares of The Home Depot, Inc. (NYSE:HD)

Capital Advisors Ltd. LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,909 shares of the home improvement retailer’s stock after buying an additional 66 shares during the period. Capital Advisors Ltd. LLC’s holdings in Home Depot were worth $1,116,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA lifted its holdings in shares of Home Depot by 1.0% in the 3rd quarter. Kelly Lawrence W & Associates Inc. CA now owns 36,759 shares of the home improvement retailer’s stock worth $11,107,000 after purchasing an additional 350 shares in the last quarter. JT Stratford LLC lifted its holdings in shares of Home Depot by 37.2% in the 3rd quarter. JT Stratford LLC now owns 6,880 shares of the home improvement retailer’s stock worth $2,079,000 after purchasing an additional 1,866 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Home Depot by 11.5% in the 3rd quarter. Schroder Investment Management Group now owns 1,008,390 shares of the home improvement retailer’s stock worth $304,695,000 after purchasing an additional 104,246 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in shares of Home Depot by 15.0% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 697 shares of the home improvement retailer’s stock worth $211,000 after purchasing an additional 91 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Home Depot by 24.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 620,297 shares of the home improvement retailer’s stock worth $187,358,000 after purchasing an additional 121,315 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. HSBC reduced their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Finally, Guggenheim reissued a “buy” rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $378.42.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was 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 SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

Shares of Home Depot stock opened at $334.97 on Wednesday. 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 company has a market cap of $332.16 billion, a PE ratio of 22.47, a P/E/G ratio of 2.38 and a beta of 0.99. The business has a 50 day moving average of $338.51 and a 200 day moving average of $352.69. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.82 earnings per share. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio 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.