The Home Depot, Inc. (NYSE:HD) Shares Purchased by MV Capital Management Inc.

MV Capital Management Inc. boosted its position in The Home Depot, Inc. (NYSE:HD) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,087 shares of the home improvement retailer’s stock after purchasing an additional 94 shares during the quarter. MV Capital Management Inc.’s holdings in Home Depot were worth $3,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bey Douglas LLC acquired a new position in Home Depot during the fourth quarter worth $913,000. Hartline Investment Corp grew its holdings in shares of 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 purchasing an additional 460 shares during the period. Wolf Group Capital Advisors increased its position in Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after purchasing an additional 430 shares during the last quarter. Alliance Wealth Management Group purchased a new position in Home Depot during the fourth quarter worth about $253,000. Finally, Zullo Investment Group Inc. boosted its holdings in Home Depot by 6.6% in the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after purchasing an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on HD shares. HSBC cut their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Evercore ISI lifted their target price on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Bank of America boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

Home Depot Trading Down 0.4 %

Shares of NYSE:HD opened at $334.97 on Wednesday. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company’s 50 day moving average is $338.51 and its two-hundred day moving average is $352.69. 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 company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $36.65 billion. During the same quarter in the previous year, the firm posted $3.82 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Insider Buying and Selling

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

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.