The Home Depot, Inc. (NYSE:HD) Stake Increased by MV Capital Management Inc.

MV Capital Management Inc. lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,087 shares of the home improvement retailer’s stock after buying an additional 94 shares during the period. MV Capital Management Inc.’s holdings in Home Depot were worth $3,102,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages have issued reports on HD. TD Cowen decreased their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Wedbush reissued an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a research report on Friday, May 10th. Evercore ISI boosted their target price on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. HSBC cut their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. Finally, Citigroup lowered their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $378.42.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was 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 approximately $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Home Depot Stock Down 0.4 %

Shares of HD stock opened at $334.97 on Wednesday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The firm has a market cap of $332.16 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The stock has a 50 day moving average of $338.51 and a 200-day moving average of $352.69.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the previous year, the firm posted $3.82 earnings per share. Home Depot’s revenue was down 2.3% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is presently 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.