The Home Depot, Inc. (NYSE:HD) Shares Bought by Mayfair Advisory Group LLC

Mayfair Advisory Group LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 653 shares of the home improvement retailer’s stock after purchasing an additional 50 shares during the period. Mayfair Advisory Group LLC’s holdings in Home Depot were worth $250,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Bey Douglas LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $913,000. Hartline Investment Corp lifted its stake in Home Depot by 3.0% in the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after acquiring an additional 460 shares in the last quarter. Wolf Group Capital Advisors lifted its position in shares of 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 purchasing an additional 430 shares in the last quarter. Alliance Wealth Management Group acquired a new stake in shares of Home Depot during the 4th quarter valued at $253,000. Finally, Zullo Investment Group Inc. increased its stake in shares of 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 worth $2,826,000 after acquiring an additional 504 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Tuesday, May 14th. Mizuho initiated coverage on Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective on the stock. HSBC lowered their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Finally, DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and increased their price objective for the company from $352.00 to $395.00 in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $378.42.

Home Depot Stock Up 0.8 %

Shares of Home Depot stock opened at $344.24 on Monday. The company has a market capitalization of $341.35 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. 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 business has a 50-day moving average of $338.51 and a two-hundred day moving average of $352.80.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same period last year, the business earned $3.82 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.61%. Home Depot’s dividend payout ratio (DPR) 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 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 completion of the sale, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.