The Home Depot, Inc. (NYSE:HD) Stock Holdings Lifted by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC raised its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 16.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,919 shares of the home improvement retailer’s stock after acquiring an additional 686 shares during the period. Insight Wealth Strategies LLC’s holdings in Home Depot were worth $1,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HD. Cim LLC raised its stake in Home Depot by 8.2% during the 1st quarter. Cim LLC now owns 4,957 shares of the home improvement retailer’s stock valued at $1,520,000 after purchasing an additional 375 shares during the period. Dividend Assets Capital LLC raised its stake in Home Depot by 112.2% during the 1st quarter. Dividend Assets Capital LLC now owns 1,426 shares of the home improvement retailer’s stock valued at $427,000 after purchasing an additional 754 shares during the period. Keene & Associates Inc. raised its stake in Home Depot by 4.0% during the 1st quarter. Keene & Associates Inc. now owns 1,549 shares of the home improvement retailer’s stock valued at $464,000 after purchasing an additional 60 shares during the period. Carnegie Capital Asset Management LLC raised its stake in Home Depot by 2.9% during the 1st quarter. Carnegie Capital Asset Management LLC now owns 35,045 shares of the home improvement retailer’s stock valued at $10,490,000 after purchasing an additional 1,004 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in Home Depot by 1.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 24,455 shares of the home improvement retailer’s stock valued at $7,320,000 after purchasing an additional 241 shares during the period. 70.61% of the stock is currently owned by institutional investors.

HD has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of Home Depot from $406.00 to $365.00 in a research note on Wednesday, February 23rd. OTR Global cut shares of Home Depot to a “positive” rating in a report on Tuesday, May 10th. Gordon Haskett cut shares of Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. DA Davidson lowered their price target on shares of Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Finally, UBS Group lowered their price target on shares of Home Depot from $470.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.86.

Shares of NYSE:HD opened at $268.98 on Thursday. The stock has a market capitalization of $276.45 billion, a PE ratio of 17.08, a P/E/G ratio of 1.62 and a beta of 0.97. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The firm has a fifty day moving average price of $295.62 and a 200 day moving average price of $334.61. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. During the same period in the prior year, the company earned $3.86 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts forecast that The Home Depot, Inc. will post 16.47 earnings per share for the current fiscal year.

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

In other Home Depot news, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 51,175 shares in the company, valued at $14,739,935.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Insiders have sold 11,933 shares of company stock valued at $3,448,197 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

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.

See Also

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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