The Home Depot, Inc. (NYSE:HD) Shares Bought by Sivia Capital Partners LLC

Sivia Capital Partners LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,425 shares of the home improvement retailer’s stock after purchasing an additional 154 shares during the period. Sivia Capital Partners LLC’s holdings in Home Depot were worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealth Group Ltd. raised its position in shares of Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after acquiring an additional 27 shares during the period. Tallon Kerry Patrick acquired a new position in shares of Home Depot in the fourth quarter worth about $281,000. Capital & Planning LLC raised its position in shares of Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock worth $418,000 after acquiring an additional 563 shares during the period. Ironwood Wealth Management LLC. raised its position in shares of Home Depot by 0.7% in the fourth quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer’s stock worth $1,765,000 after acquiring an additional 32 shares during the period. Finally, Brighton Jones LLC raised its position in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after acquiring an additional 7,203 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Home Depot stock opened at $367.45 on Friday. The firm has a 50 day simple moving average of $361.63 and a 200-day simple moving average of $384.62. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market cap of $365.59 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. During the same period last year, the company earned $3.63 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is 62.42%.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HD. Jefferies Financial Group cut their target price on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Stifel Nicolaus raised shares of Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Wells Fargo & Company cut their target price on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Telsey Advisory Group reissued an “outperform” rating on shares of Home Depot in a research note on Monday, June 2nd. Finally, KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $426.77.

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.