Avaii Wealth Management LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 37.6% during the first quarter, HoldingsChannel.com reports. The fund owned 683 shares of the home improvement retailer’s stock after selling 412 shares during the quarter. Avaii Wealth Management LLC’s holdings in Home Depot were worth $204,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Shore Point Advisors LLC bought a new position in shares of Home Depot during the 4th quarter worth about $26,000. Rinkey Investments bought a new position in shares of Home Depot during the 4th quarter worth about $25,000. Barnett & Company Inc. boosted its position in shares of Home Depot by 173.1% during the 4th quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Joseph Group Capital Management bought a new position in shares of Home Depot during the 4th quarter worth about $1,705,000. Finally, Retirement Group LLC boosted its position in shares of Home Depot by 111.1% during the 4th quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. 70.61% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on HD shares. MKM Partners started coverage on shares of Home Depot in a report on Thursday. They issued a “neutral” rating and a $285.00 target price on the stock. Citigroup upped their target price on shares of Home Depot from $327.00 to $348.00 in a report on Friday, May 20th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Jefferies Financial Group decreased their price objective on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 18th. Finally, DA Davidson decreased their price objective on shares of Home Depot from $354.00 to $330.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $369.82.
In other Home Depot news, Director Becker Caryn Seidman acquired 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average price of $287.73 per share, with a total value 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 approximately $431,595. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of the business’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.
Shares of NYSE:HD opened at $283.00 on Friday. The firm has a fifty day moving average price of $294.61 and a two-hundred day moving average price of $332.16. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The company has a market cap of $290.86 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.65 and a beta of 0.97. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $420.61.
Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.42. The firm had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $3.86 EPS. Equities research analysts expect that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Wednesday, June 1st. Home Depot’s payout ratio is 48.25%.
About Home Depot (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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