LifeSteps Financial Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 8.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,553 shares of the home improvement retailer’s stock after selling 417 shares during the quarter. Home Depot comprises approximately 1.4% of LifeSteps Financial Inc.’s portfolio, making the stock its 17th biggest holding. LifeSteps Financial Inc.’s holdings in Home Depot were worth $1,344,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in HD. Flagship Harbor Advisors LLC boosted its position in Home Depot by 2.7% during the first quarter. Flagship Harbor Advisors LLC now owns 19,961 shares of the home improvement retailer’s stock worth $5,891,000 after acquiring an additional 517 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Home Depot by 2.9% during the first quarter. Private Trust Co. NA now owns 18,675 shares of the home improvement retailer’s stock worth $5,511,000 after purchasing an additional 535 shares during the last quarter. Bath Savings Trust Co grew its position in shares of Home Depot by 0.7% in the first quarter. Bath Savings Trust Co now owns 35,029 shares of the home improvement retailer’s stock valued at $10,338,000 after purchasing an additional 253 shares during the period. Paradigm Financial Partners LLC increased its stake in Home Depot by 3.7% in the first quarter. Paradigm Financial Partners LLC now owns 15,010 shares of the home improvement retailer’s stock valued at $4,430,000 after purchasing an additional 540 shares during the last quarter. Finally, Mutual Advisors LLC lifted its position in Home Depot by 2.2% during the first quarter. Mutual Advisors LLC now owns 28,143 shares of the home improvement retailer’s stock worth $8,305,000 after buying an additional 619 shares during the period. Institutional investors and hedge funds own 69.91% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Credit Suisse Group dropped their price objective on shares of Home Depot from $320.00 to $310.00 in a research note on Wednesday, May 17th. 92 Resources reaffirmed a “maintains” rating on shares of Home Depot in a research note on Wednesday, May 17th. Wedbush lowered their price objective on shares of Home Depot from $300.00 to $290.00 in a research note on Wednesday, May 17th. Morgan Stanley cut their target price on Home Depot from $340.00 to $320.00 in a research report on Wednesday, May 17th. Finally, Loop Capital boosted their price target on Home Depot from $280.00 to $300.00 in a research report on Wednesday, June 14th. Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.43.
Insider Buying and Selling at Home Depot
Home Depot Stock Performance
Shares of Home Depot stock opened at $300.77 on Friday. The company has a debt-to-equity ratio of 113.02, a quick ratio of 0.28 and a current ratio of 1.27. The Home Depot, Inc. has a 1 year low of $265.61 and a 1 year high of $347.25. The firm’s 50-day simple moving average is $294.65 and its 200-day simple moving average is $303.67. The firm has a market cap of $302.39 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93.
Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.02. The firm had revenue of $37.26 billion for the quarter, compared to analysts’ expectations of $38.35 billion. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. Home Depot’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.09 earnings per share. Equities analysts forecast that The Home Depot, Inc. will post 14.97 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Wednesday, May 31st. Home Depot’s dividend payout ratio is presently 50.94%.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. 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.
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