Delta Financial Advisors LLC Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

Delta Financial Advisors LLC decreased its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 26.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,259 shares of the home improvement retailer’s stock after selling 460 shares during the quarter. Delta Financial Advisors LLC’s holdings in Home Depot were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Sky Investment Group LLC lifted its stake in Home Depot by 3.4% in the first quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock worth $6,345,000 after acquiring an additional 703 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in Home Depot by 28.5% in the first quarter. Everhart Financial Group Inc. now owns 2,062 shares of the home improvement retailer’s stock worth $617,000 after acquiring an additional 457 shares during the last quarter. Diversified LLC lifted its stake in Home Depot by 1.5% in the first quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock worth $975,000 after acquiring an additional 47 shares during the last quarter. Matisse Capital lifted its stake in Home Depot by 3.9% in the first quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer’s stock worth $797,000 after acquiring an additional 100 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in Home Depot by 4.6% in the first quarter. Hexagon Capital Partners LLC now owns 3,961 shares of the home improvement retailer’s stock worth $1,186,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Gordon Haskett cut shares of Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Morgan Stanley cut their price objective on shares of Home Depot from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. MKM Partners assumed coverage on shares of Home Depot in a report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price objective on the stock. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Finally, Evercore ISI cut their price objective on shares of Home Depot to $360.00 in a report on Thursday, June 9th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $368.45.

Insiders Place Their Bets

In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Becker Caryn Seidman bought 1,500 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were bought at an average cost 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 $431,595. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Hector A. Padilla sold 136 shares of the business’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now owns 11,230 shares in the company, valued at $3,248,052.90. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $309.69 on Friday. The firm’s fifty day moving average price is $290.90 and its 200 day moving average price is $310.73. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The firm has a market cap of $318.29 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last posted its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share 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 21,952.60%. The firm had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. During the same period last year, the firm posted $3.86 EPS. Home Depot’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were given a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.45%. Home Depot’s dividend payout ratio (DPR) is 48.25%.

About Home Depot

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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 d├ęcor 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

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

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