Arete Wealth Advisors LLC Raises Holdings in The Home Depot, Inc. (NYSE:HD)

Arete Wealth Advisors LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 2.1% in the 1st quarter, HoldingsChannel reports. The fund owned 11,402 shares of the home improvement retailer’s stock after buying an additional 230 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Home Depot were worth $3,413,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Shore Point Advisors LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $26,000. Rinkey Investments purchased a new stake in Home Depot in the 4th quarter worth approximately $25,000. Barnett & Company Inc. lifted its holdings in Home Depot by 173.1% in the 4th quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 45 shares during the period. Tobam purchased a new stake in Home Depot in the 1st quarter worth approximately $27,000. Finally, Fairfield Bush & CO. purchased a new stake in Home Depot in the 1st quarter worth approximately $27,000. 70.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Citigroup increased their price objective on Home Depot from $327.00 to $348.00 in a report on Friday, May 20th. Guggenheim lowered their target price on Home Depot from $400.00 to $350.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Gordon Haskett cut Home Depot from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Jefferies Financial Group lowered their target price on Home Depot from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 18th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.45.

Home Depot Trading Up 0.8 %

Home Depot stock opened at $309.69 on Friday. The firm has a market cap of $318.29 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.00 and a beta of 0.99. The stock has a fifty day simple moving average of $290.90 and a two-hundred day simple moving average of $310.73. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $420.61.

Home Depot (NYSE:HDGet Rating) last posted its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The business had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. During the same quarter last year, the company earned $3.86 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 16.43 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Wednesday, June 1st. Home Depot’s payout ratio is currently 48.25%.

Insider Buying and Selling

In related news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Becker Caryn Seidman acquired 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average cost of $287.73 per share, with a total value of $431,595.00. Following the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at $431,595. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by corporate insiders.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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

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