Tradewinds Capital Management LLC Purchases 2,048 Shares of The Home Depot, Inc. (NYSE:HD)

Tradewinds Capital Management LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 286.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,764 shares of the home improvement retailer’s stock after buying an additional 2,048 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Home Depot were worth $1,060,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HD. WFA Asset Management Corp raised its stake in shares of Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after purchasing an additional 135 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Home Depot by 1.5% in the first quarter. Sivia Capital Partners LLC now owns 2,530 shares of the home improvement retailer’s stock valued at $971,000 after purchasing an additional 38 shares in the last quarter. Monument Capital Management raised its stake in shares of Home Depot by 1.3% in the first quarter. Monument Capital Management now owns 5,497 shares of the home improvement retailer’s stock valued at $2,109,000 after purchasing an additional 70 shares in the last quarter. Hedeker Wealth LLC raised its stake in shares of Home Depot by 38.2% in the first quarter. Hedeker Wealth LLC now owns 4,852 shares of the home improvement retailer’s stock valued at $1,861,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Integrity Wealth Solutions LLC raised its stake in shares of Home Depot by 9.2% in the first quarter. Integrity Wealth Solutions LLC now owns 1,087 shares of the home improvement retailer’s stock valued at $417,000 after purchasing an additional 92 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.4 %

NYSE HD opened at $333.58 on Thursday. The firm has a market cap of $330.78 billion, a P/E ratio of 22.37, a P/E/G ratio of 2.31 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The stock’s 50-day moving average is $338.43 and its 200-day moving average is $352.56. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

Home Depot (NYSE:HD) last released its quarterly 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 return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter last year, the firm posted $3.82 earnings per share. Home Depot’s revenue was down 2.3% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is presently 60.36%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HD. Bank of America upped their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Guggenheim reiterated a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Wedbush restated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. Finally, TD Cowen decreased their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.