Great Lakes Retirement Inc. Has $2.11 Million Stake in The Home Depot, Inc. (NYSE:HD)

Great Lakes Retirement Inc. raised its stake in The Home Depot, Inc. (NYSE:HD) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,498 shares of the home improvement retailer’s stock after buying an additional 73 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Home Depot were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bare Financial Services Inc acquired a new position in Home Depot in the fourth quarter valued at about $26,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot during the fourth quarter worth about $27,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the fourth quarter worth about $31,000. PFG Private Wealth Management LLC raised its position in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the period. Finally, Gilfoyle & Co LLC acquired a new stake in shares of Home Depot during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

HD stock traded down $2.72 during midday trading on Friday, reaching $363.36. 2,428,726 shares of the stock were exchanged, compared to its average volume of 3,426,354. The stock has a market capitalization of $360.31 billion, a PE ratio of 24.37, a P/E/G ratio of 2.57 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a fifty day moving average price of $341.79 and a 200 day moving average price of $352.73.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the previous year, the company posted $3.82 EPS. Home Depot’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.48%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. HSBC dropped their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Wells Fargo & Company dropped their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Evercore ISI raised their price target on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Wedbush reiterated an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a report on Friday, May 10th. Finally, DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $352.00 to $395.00 in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $380.58.

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.