Park Place Capital Corp Decreases Stake in The Home Depot, Inc. (NYSE:HD)

Park Place Capital Corp lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 30.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,998 shares of the home improvement retailer’s stock after selling 1,291 shares during the quarter. Park Place Capital Corp’s holdings in Home Depot were worth $1,150,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HD. Silvia Mccoll Wealth Management LLC raised its holdings in shares of Home Depot by 5.6% during the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 1,682 shares of the home improvement retailer’s stock worth $590,000 after acquiring an additional 89 shares during the period. Claro Advisors LLC increased its stake in Home Depot by 5.2% during the first quarter. Claro Advisors LLC now owns 12,205 shares of the home improvement retailer’s stock worth $4,682,000 after acquiring an additional 604 shares during the last quarter. Talbot Financial LLC increased its position in shares of Home Depot by 1.5% during the 1st quarter. Talbot Financial LLC now owns 38,461 shares of the home improvement retailer’s stock worth $14,753,000 after purchasing an additional 560 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in Home Depot by 4.0% in the first quarter. Miracle Mile Advisors LLC now owns 21,336 shares of the home improvement retailer’s stock valued at $8,185,000 after buying an additional 826 shares during the last quarter. Finally, Little House Capital LLC boosted its stake in Home Depot by 0.9% during the first quarter. Little House Capital LLC now owns 6,561 shares of the home improvement retailer’s stock worth $2,517,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup cut their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and lifted their target price for the company from $352.00 to $395.00 in a research report on Wednesday, June 26th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Tuesday, May 14th. Wedbush restated an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a report on Friday, May 10th. Finally, Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Stock Performance

Shares of HD stock opened at $336.19 on Tuesday. 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 quick ratio of 0.42 and a current ratio of 1.34. The firm has a market cap of $333.37 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.38 and a beta of 0.99. The stock’s 50-day moving average is $338.51 and its two-hundred day moving average is $352.80.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion during 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 firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.82 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.68%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

Insider Buying and Selling at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the firm’s 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 transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

About Home Depot

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.