The Home Depot, Inc. (NYSE:HD) Shares Purchased by FCG Investment Co

FCG Investment Co raised its position in The Home Depot, Inc. (NYSE:HD) by 5.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,615 shares of the home improvement retailer’s stock after acquiring an additional 190 shares during the period. Home Depot accounts for about 1.1% of FCG Investment Co’s portfolio, making the stock its 27th largest position. FCG Investment Co’s holdings in Home Depot were worth $1,387,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Bare Financial Services Inc purchased a new position in Home Depot in the fourth quarter worth approximately $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $27,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $31,000. PFG Private Wealth Management LLC increased its position in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in Home Depot in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Wedbush reiterated an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. HSBC decreased their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research note on Wednesday, May 15th. Guggenheim reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. Finally, Evercore ISI increased their target price on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Insiders Place Their Bets

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, 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 legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Home Depot stock opened at $333.64 on Friday. The stock has a market cap of $330.84 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 2.30 and a beta of 0.98. The company has a fifty day simple moving average of $338.48 and a 200-day simple moving average of $352.30. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) 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 business had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the previous year, the company earned $3.82 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal 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 $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.