Investor s Fiduciary Advisor Network LLC Sells 584 Shares of The Home Depot, Inc. (NYSE:HD)

Investor s Fiduciary Advisor Network LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 16.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,917 shares of the home improvement retailer’s stock after selling 584 shares during the period. Investor s Fiduciary Advisor Network LLC’s holdings in Home Depot were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after purchasing an additional 565 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Home Depot by 11.1% during the 4th quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer’s stock worth $4,102,000 after purchasing an additional 1,055 shares in the last quarter. Inceptionr LLC bought a new stake in Home Depot during the 4th quarter worth approximately $782,000. Finally, RKL Wealth Management LLC increased its holdings in Home Depot by 1.8% during the 4th quarter. RKL Wealth Management LLC now owns 5,752 shares of the home improvement retailer’s stock worth $2,238,000 after purchasing an additional 99 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Morgan Stanley reissued an “overweight” rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Jefferies Financial Group cut their target price on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Wells Fargo & Company set a $420.00 target price on Home Depot and gave the stock an “overweight” rating in a research note on Monday, June 30th. Finally, Evercore ISI set a $400.00 target price on Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Stock Performance

Shares of HD opened at $371.36 on Friday. The stock’s 50-day simple moving average is $365.14 and its 200 day simple moving average is $376.21. The stock has a market capitalization of $369.47 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company posted $3.63 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. Home Depot’s dividend payout ratio (DPR) is 62.42%.

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.