The Home Depot, Inc. (NYSE:HD) Shares Acquired by WT Wealth Management

WT Wealth Management grew its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 11.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 6,579 shares of the home improvement retailer’s stock after buying an additional 651 shares during the quarter. WT Wealth Management’s holdings in Home Depot were worth $1,969,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Shore Point Advisors LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $26,000. Rinkey Investments acquired a new stake in Home Depot during the fourth quarter worth about $25,000. Barnett & Company Inc. increased its position in Home Depot by 173.1% during the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 45 shares during the last quarter. Tobam acquired a new stake in Home Depot during the first quarter worth about $27,000. Finally, Fairfield Bush & CO. acquired a new stake in Home Depot during the first quarter worth about $27,000. 70.61% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

HD stock opened at $309.69 on Friday. The company has a fifty day moving average price of $290.90 and a 200 day moving average price of $310.73. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $420.61. The company has a market cap of $318.29 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.67 by $0.42. The firm had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. Home Depot’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.86 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 16.43 earnings per share for the current year.

Home Depot Dividend Announcement

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HD shares. Morgan Stanley cut their price objective on shares of Home Depot from $365.00 to $350.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Jefferies Financial Group cut their price objective on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 18th. Gordon Haskett lowered shares of Home Depot from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Finally, MKM Partners began coverage on shares of Home Depot in a research note on Thursday, June 23rd. They set a “neutral” rating and a $285.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $368.45.

Home Depot Profile

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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.

See Also

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

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

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