PFS Partners LLC Has $643,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

PFS Partners LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 27.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,677 shares of the home improvement retailer’s stock after purchasing an additional 366 shares during the quarter. Home Depot makes up 0.4% of PFS Partners LLC’s holdings, making the stock its 24th biggest position. PFS Partners LLC’s holdings in Home Depot were worth $643,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Franklin Street Advisors Inc. NC increased its position in shares of Home Depot by 44.4% in the first quarter. Franklin Street Advisors Inc. NC now owns 2,624 shares of the home improvement retailer’s stock worth $1,007,000 after purchasing an additional 807 shares during the period. Janiczek Wealth Management LLC grew its position in Home Depot by 2.3% in the first quarter. Janiczek Wealth Management LLC now owns 1,952 shares of the home improvement retailer’s stock valued at $749,000 after acquiring an additional 44 shares during the last quarter. WealthCare Investment Partners LLC acquired a new stake in shares of Home Depot during the first quarter valued at about $205,000. Wealthcare Advisory Partners LLC boosted its stake in shares of Home Depot by 44.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 38,252 shares of the home improvement retailer’s stock valued at $14,674,000 after purchasing an additional 11,845 shares in the last quarter. Finally, S.A. Mason LLC boosted its stake in shares of Home Depot by 3.3% during the first quarter. S.A. Mason LLC now owns 3,258 shares of the home improvement retailer’s stock valued at $1,250,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.7 %

HD traded down $2.51 on Thursday, hitting $339.31. 1,372,826 shares of the company were exchanged, compared to its average volume of 3,430,914. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The firm has a fifty day simple moving average of $338.15 and a two-hundred day simple moving average of $352.59. The stock has a market capitalization of $336.46 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter last year, the business posted $3.82 EPS. The business’s revenue was down 2.3% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is presently 60.36%.

Insider Activity at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. TD Cowen cut their price target on Home Depot from $440.00 to $420.00 and set a “buy” 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. Wells Fargo & Company cut their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Bank of America lifted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, UBS Group lowered their target price on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $378.42.

About Home Depot

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.