Creative Financial Designs Inc. ADV lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 35.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,162 shares of the home improvement retailer’s stock after selling 643 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Home Depot were worth $348,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sky Investment Group LLC increased its stake in Home Depot by 3.4% in the 1st quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock worth $6,345,000 after acquiring an additional 703 shares during the last quarter. Diversified LLC boosted its holdings in shares of Home Depot by 1.5% in the 1st quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock worth $975,000 after purchasing an additional 47 shares during the period. Matisse Capital boosted its holdings in shares of Home Depot by 3.9% in the 1st quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer’s stock worth $797,000 after purchasing an additional 100 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Home Depot by 4.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,961 shares of the home improvement retailer’s stock worth $1,186,000 after purchasing an additional 173 shares during the period. Finally, Cim LLC boosted its holdings in shares of Home Depot by 8.2% in the 1st quarter. Cim LLC now owns 4,957 shares of the home improvement retailer’s stock worth $1,520,000 after purchasing an additional 375 shares during the period. 70.61% of the stock is currently owned by institutional investors.
In related news, Director Becker Caryn Seidman bought 1,500 shares of the stock in a transaction dated Monday, May 23rd. The shares were purchased at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at $431,595. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares in the company, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.
Shares of NYSE:HD opened at $270.15 on Wednesday. The business’s 50-day moving average is $293.50 and its 200 day moving average is $330.24. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The firm has a market capitalization of $277.65 billion, a P/E ratio of 17.15, a P/E/G ratio of 1.70 and a beta of 0.97. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28.
Home Depot (NYSE:HD – Get Rating) last announced its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.42. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. During the same period in the prior year, the company posted $3.86 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts expect that The Home Depot, Inc. will post 16.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were issued a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio is presently 48.25%.
A number of equities analysts have recently commented on HD shares. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Guggenheim dropped their target price on Home Depot from $400.00 to $350.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Wells Fargo & Company dropped their price objective on Home Depot from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. Gordon Haskett cut Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Finally, Raymond James lowered their target price on Home Depot from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.82.
Home Depot Profile (Get Rating)
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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