The Home Depot, Inc. (NYSE:HD) Shares Sold by Game Plan Financial Advisors LLC


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Game Plan Financial Advisors LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,265 shares of the home improvement retailer’s stock after selling 225 shares during the quarter. Game Plan Financial Advisors LLC’s holdings in The Home Depot were worth $1,617,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC raised its stake in The Home Depot by 3,029.4% in the 1st quarter. Mizuho Securities USA LLC now owns 23,846 shares of the home improvement retailer’s stock valued at $7,279,000 after purchasing an additional 23,084 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of The Home Depot by 12.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,660 shares of the home improvement retailer’s stock worth $851,000 after buying an additional 302 shares during the last quarter. Vancity Investment Management Ltd increased its position in The Home Depot by 13.6% during the 1st quarter. Vancity Investment Management Ltd now owns 53,963 shares of the home improvement retailer’s stock worth $16,472,000 after purchasing an additional 6,462 shares in the last quarter. Miramar Capital LLC lifted its holdings in shares of The Home Depot by 3.0% during the 1st quarter. Miramar Capital LLC now owns 25,134 shares of the home improvement retailer’s stock valued at $7,672,000 after acquiring an additional 724 shares in the last quarter. Finally, Arbor Wealth Management LLC acquired a new position in shares of The Home Depot during the first quarter worth $223,000. Institutional investors and hedge funds own 68.71% of the company’s stock.

Shares of NYSE:HD opened at $330.27 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39. The stock has a fifty day simple moving average of $309.92 and a two-hundred day simple moving average of $281.73. The Home Depot, Inc. has a 12-month low of $215.21 and a 12-month high of $331.62. The stock has a market capitalization of $355.11 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.13 and a beta of 1.03.

The Home Depot (NYSE:HD) last posted its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 EPS for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.02. The firm had revenue of $32.26 billion for the quarter, compared to analysts’ expectations of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.28 earnings per share. As a group, equities research analysts predict that The Home Depot, Inc. will post 11.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were given a dividend of $1.65 per share. The ex-dividend date of this dividend was Wednesday, March 10th. This represents a $6.60 annualized dividend and a dividend yield of 2.00%. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s dividend payout ratio (DPR) is presently 64.39%.

Several brokerages have recently commented on HD. Guggenheim raised shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target on the stock in a research report on Wednesday, January 13th. Citigroup began coverage on The Home Depot in a research report on Monday, March 15th. They set a “buy” rating and a $288.00 price target on the stock. Credit Suisse Group reaffirmed a “buy” rating and set a $319.00 target price on shares of The Home Depot in a research note on Thursday, March 25th. Wells Fargo & Company lifted their price target on The Home Depot from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of The Home Depot in a research note on Monday, March 15th. They issued a “buy” rating and a $288.00 target price for the company. Five investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $304.65.

The Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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