First National Bank of South Miami cut its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,668 shares of the home improvement retailer’s stock after selling 474 shares during the period. Home Depot makes up approximately 1.6% of First National Bank of South Miami’s portfolio, making the stock its 13th biggest position. First National Bank of South Miami’s holdings in Home Depot were worth $1,968,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Johnson & White Wealth Management LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at about $1,141,000. LVM Capital Management Ltd. MI grew its stake in shares of Home Depot by 3.4% in the 1st quarter. LVM Capital Management Ltd. MI now owns 61,335 shares of the home improvement retailer’s stock valued at $18,101,000 after buying an additional 2,040 shares during the period. WoodTrust Financial Corp grew its stake in shares of Home Depot by 1.0% in the 1st quarter. WoodTrust Financial Corp now owns 24,842 shares of the home improvement retailer’s stock valued at $7,331,000 after buying an additional 257 shares during the period. Prentice Wealth Management LLC boosted its stake in Home Depot by 8.8% during the 1st quarter. Prentice Wealth Management LLC now owns 1,578 shares of the home improvement retailer’s stock valued at $466,000 after purchasing an additional 127 shares during the last quarter. Finally, AE Wealth Management LLC boosted its stake in Home Depot by 4.0% during the 1st quarter. AE Wealth Management LLC now owns 159,654 shares of the home improvement retailer’s stock valued at $47,117,000 after purchasing an additional 6,104 shares during the last quarter. 69.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on HD. 92 Resources reiterated a “maintains” rating on shares of Home Depot in a research note on Wednesday, May 17th. Wells Fargo & Company lifted their price target on Home Depot from $325.00 to $345.00 in a research note on Thursday, June 8th. Sanford C. Bernstein cut their price target on Home Depot from $333.00 to $314.00 in a research note on Wednesday, May 17th. Morgan Stanley cut their price target on Home Depot from $340.00 to $320.00 in a research note on Wednesday, May 17th. Finally, StockNews.com began coverage on Home Depot in a research note on Thursday, May 18th. They set a “hold” rating for the company. Twelve equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $323.43.
Insider Transactions at Home Depot
Home Depot Trading Down 2.3 %
Shares of HD stock opened at $306.63 on Thursday. The company’s fifty day simple moving average is $295.39 and its two-hundred day simple moving average is $303.32. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28. The Home Depot, Inc. has a 1 year low of $265.61 and a 1 year high of $347.25. The stock has a market capitalization of $308.28 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.00 and a beta of 0.93.
Home Depot (NYSE:HD – Free Report) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.02. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The business had revenue of $37.26 billion for the quarter, compared to analysts’ expectations of $38.35 billion. During the same quarter in the previous year, the firm posted $4.09 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, analysts anticipate that The Home Depot, Inc. will post 14.97 earnings per share for the current year.
Home Depot Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a dividend of $2.09 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 dividend on an annualized basis and a yield of 2.73%. Home Depot’s payout ratio is 50.94%.
Home Depot 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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