Conservest Capital Advisors Inc. Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Conservest Capital Advisors Inc. increased its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,458 shares of the home improvement retailer’s stock after buying an additional 41 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Home Depot were worth $400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rinkey Investments purchased a new stake in Home Depot in the 4th quarter valued at approximately $25,000. GW&K Investment Management LLC purchased a new stake in Home Depot in the 1st quarter valued at approximately $25,000. Tobam purchased a new stake in Home Depot in the 1st quarter valued at approximately $27,000. Fairfield Bush & CO. purchased a new stake in Home Depot in the 1st quarter valued at approximately $27,000. Finally, Clear Perspectives Financial Planning LLC boosted its holdings in Home Depot by 135.0% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 94 shares of the home improvement retailer’s stock valued at $28,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 68.66% of the company’s stock.

Home Depot Trading Down 0.9 %

Shares of HD opened at $269.14 on Friday. The stock has a fifty day moving average of $299.46 and a two-hundred day moving average of $299.57. The company has a debt-to-equity ratio of 165.70, a quick ratio of 0.25 and a current ratio of 1.18. The company has a market capitalization of $275.53 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $420.61.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share for the quarter, beating the consensus estimate of $4.95 by $0.10. The company had revenue of $43.79 billion during the quarter, compared to the consensus estimate of $43.33 billion. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. Home Depot’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.53 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 16.56 EPS for the current year.

Home Depot announced that its Board of Directors has authorized a share repurchase program on Thursday, August 18th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $7.60 annualized dividend and a dividend yield of 2.82%. Home Depot’s dividend payout ratio is presently 46.71%.

Insider Activity

In other news, EVP Fahim Siddiqui sold 1,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at approximately $1,857,646.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Fahim Siddiqui sold 1,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at approximately $1,857,646.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the sale, the executive vice president now directly owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of analyst reports. Evercore ISI lowered their price objective on Home Depot to $360.00 in a report on Thursday, June 9th. Raymond James lifted their price target on shares of Home Depot from $340.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson lifted their price target on shares of Home Depot to $334.00 in a research report on Monday, August 22nd. Finally, MKM Partners began coverage on shares of Home Depot in a research report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price target for the company. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $365.95.

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 décor 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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