Collier Financial Acquires 527 Shares of The Home Depot, Inc. (NYSE:HD)

Collier Financial increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 893.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 586 shares of the home improvement retailer’s stock after purchasing an additional 527 shares during the quarter. Collier Financial’s holdings in Home Depot were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Petredis Investment Advisors LLC raised its stake in Home Depot by 1.2% during the 1st quarter. Petredis Investment Advisors LLC now owns 27,644 shares of the home improvement retailer’s stock valued at $10,131,000 after buying an additional 341 shares during the last quarter. Dividend Assets Capital LLC grew its holdings in shares of Home Depot by 2.6% in the first quarter. Dividend Assets Capital LLC now owns 1,984 shares of the home improvement retailer’s stock worth $727,000 after acquiring an additional 50 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its position in Home Depot by 14.9% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 19,391 shares of the home improvement retailer’s stock valued at $7,107,000 after acquiring an additional 2,512 shares during the last quarter. Sonora Investment Management Group LLC lifted its holdings in Home Depot by 1.0% in the first quarter. Sonora Investment Management Group LLC now owns 54,208 shares of the home improvement retailer’s stock valued at $19,867,000 after acquiring an additional 556 shares during the period. Finally, Accurate Wealth Management LLC lifted its holdings in Home Depot by 8.7% in the first quarter. Accurate Wealth Management LLC now owns 9,920 shares of the home improvement retailer’s stock valued at $3,510,000 after acquiring an additional 798 shares during the period. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. TD Securities downgraded shares of Home Depot to a “buy” rating in a research report on Monday, June 2nd. Guggenheim reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company reduced their price objective on Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value 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 trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Shares of NYSE:HD opened at $368.15 on Wednesday. The firm has a market cap of $366.28 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 4.03 and a beta of 1.02. The firm has a fifty day moving average price of $361.75 and a 200 day moving average price of $383.94. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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

Home Depot Announces Dividend

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

Home Depot 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.