The Home Depot, Inc. (NYSE:HD) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC cut its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 213,324 shares of the home improvement retailer’s stock after selling 989 shares during the period. Home Depot accounts for about 1.8% of Crestwood Advisors Group LLC’s portfolio, making the stock its 15th largest holding. Crestwood Advisors Group LLC’s holdings in Home Depot were worth $63,856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Trilogy Capital Inc. boosted its stake in Home Depot by 4.0% in the fourth quarter. Trilogy Capital Inc. now owns 732 shares of the home improvement retailer’s stock valued at $304,000 after acquiring an additional 28 shares in the last quarter. Smith Anglin Financial LLC boosted its stake in shares of Home Depot by 1.1% during the fourth quarter. Smith Anglin Financial LLC now owns 2,574 shares of the home improvement retailer’s stock worth $1,068,000 after buying an additional 28 shares during the period. Palisades Hudson Asset Management L.P. boosted its stake in shares of Home Depot by 1.1% during the fourth quarter. Palisades Hudson Asset Management L.P. now owns 2,518 shares of the home improvement retailer’s stock worth $1,045,000 after buying an additional 28 shares during the period. Klingman & Associates LLC boosted its stake in shares of Home Depot by 0.6% during the fourth quarter. Klingman & Associates LLC now owns 4,640 shares of the home improvement retailer’s stock worth $1,926,000 after buying an additional 29 shares during the period. Finally, Lenox Wealth Advisors LLC boosted its stake in shares of Home Depot by 2.8% during the fourth quarter. Lenox Wealth Advisors LLC now owns 1,118 shares of the home improvement retailer’s stock worth $464,000 after buying an additional 30 shares during the period. 70.61% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on HD shares. Guggenheim decreased their target price on shares of Home Depot from $400.00 to $350.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Citigroup increased their target price on shares of Home Depot from $327.00 to $348.00 in a research note on Friday, May 20th. Wedbush decreased their target price on shares of Home Depot from $340.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, May 18th. OTR Global cut shares of Home Depot to a “positive” rating in a report on Tuesday, May 10th. Finally, UBS Group cut their price target on shares of Home Depot from $470.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $373.86.

In related news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the sale, the executive vice president now owns 51,175 shares in the company, valued at $14,739,935.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Becker Caryn Seidman bought 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The shares were purchased at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $431,595. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 11,933 shares of company stock valued at $3,448,197. Corporate insiders own 0.17% of the company’s stock.

Shares of Home Depot stock opened at $268.98 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47. The company has a 50-day moving average of $295.62 and a two-hundred day moving average of $334.61. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The stock has a market cap of $276.45 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97.

Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The business had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. During the same period last year, the company posted $3.86 EPS. The company’s revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts forecast that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were paid a dividend of $1.90 per share. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.83%. Home Depot’s dividend payout ratio (DPR) is 48.25%.

About Home Depot (Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Featured Stories