Buckingham Capital Management Inc. Sells 264 Shares of The Home Depot, Inc. (NYSE:HD)

Buckingham Capital Management Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,817 shares of the home improvement retailer’s stock after selling 264 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Home Depot were worth $2,615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bey Douglas LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at $913,000. Hartline Investment Corp increased its holdings in Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after buying an additional 460 shares during the last quarter. Wolf Group Capital Advisors raised its position in Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after acquiring an additional 430 shares during the period. Alliance Wealth Management Group bought a new stake in Home Depot in the fourth quarter worth about $253,000. Finally, Zullo Investment Group Inc. boosted its stake in Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after acquiring an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on HD. Mizuho initiated coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target on the stock. Guggenheim reissued a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. UBS Group dropped their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Raymond James reissued a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Finally, TD Cowen lowered their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $377.46.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Home Depot Trading Up 0.7 %

Shares of HD stock opened at $355.80 on Friday. The company has a market capitalization of $352.81 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The business’s fifty day moving average is $337.65 and its 200 day moving average is $352.23. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.82 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 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.