Aspire Private Capital LLC Sells 137 Shares of The Home Depot, Inc. (NYSE:HD)

Aspire Private Capital LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,353 shares of the home improvement retailer’s stock after selling 137 shares during the period. Aspire Private Capital LLC’s holdings in Home Depot were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Bare Financial Services Inc purchased a new position in shares of Home Depot during the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot during the 4th quarter valued at $27,000. Keener Financial Planning LLC purchased a new position in shares of Home Depot during the 4th quarter valued at $31,000. A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Home Depot during the 1st quarter valued at $38,000. Finally, Burkett Financial Services LLC purchased a new stake in Home Depot in the 4th quarter worth $38,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $352.00 to $395.00 in a research note on Wednesday, June 26th. HSBC decreased their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research note on Wednesday, May 15th. UBS Group decreased their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. TD Cowen decreased their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Citigroup decreased their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $384.00.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction 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 $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Down 0.8 %

Shares of NYSE HD traded down $2.67 during midday trading on Monday, reaching $345.97. 3,818,341 shares of the company’s stock traded hands, compared to its average volume of 3,405,587. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock’s 50 day simple moving average is $348.16 and its 200-day simple moving average is $353.22. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a market cap of $343.07 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 2.48 and a beta of 0.98.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.60%. Home Depot’s payout ratio is 60.36%.

Home Depot Company Profile

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.