Absher Wealth Management LLC lowered its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 36.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,170 shares of the home improvement retailer’s stock after selling 672 shares during the period. Absher Wealth Management LLC’s holdings in Home Depot were worth $345,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of HD. Cottage Street Advisors LLC lifted its stake in Home Depot by 26,657.7% in the 4th quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock worth $659,000 after purchasing an additional 3,567,063 shares in the last quarter. Sigma Planning Corp lifted its stake in Home Depot by 1.6% in the 4th quarter. Sigma Planning Corp now owns 43,430 shares of the home improvement retailer’s stock worth $13,718,000 after purchasing an additional 672 shares in the last quarter. Howard Financial Services LTD. lifted its stake in Home Depot by 7.2% in the 1st quarter. Howard Financial Services LTD. now owns 727 shares of the home improvement retailer’s stock worth $215,000 after purchasing an additional 49 shares in the last quarter. Legacy Bridge LLC raised its position in shares of Home Depot by 1.8% during the 4th quarter. Legacy Bridge LLC now owns 5,213 shares of the home improvement retailer’s stock valued at $1,647,000 after buying an additional 90 shares in the last quarter. Finally, Centurion Wealth Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $411,000. Institutional investors own 69.91% of the company’s stock.
Analyst Ratings Changes
HD has been the topic of several recent research reports. Loop Capital upped their target price on shares of Home Depot from $280.00 to $300.00 in a research report on Wednesday, June 14th. Morgan Stanley decreased their target price on shares of Home Depot from $340.00 to $320.00 in a research report on Wednesday, May 17th. Credit Suisse Group decreased their target price on shares of Home Depot from $320.00 to $310.00 in a research report on Wednesday, May 17th. Wedbush decreased their target price on shares of Home Depot from $300.00 to $290.00 in a research report on Wednesday, May 17th. Finally, Robert W. Baird upped their target price on shares of Home Depot from $310.00 to $330.00 in a research report on Tuesday, June 13th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.43.
Home Depot Trading Down 2.3 %
Home Depot (NYSE:HD – Free Report) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share 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 company had revenue of $37.26 billion during the quarter, compared to analysts’ expectations of $38.35 billion. During the same quarter in the previous year, the company earned $4.09 earnings per share. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Research analysts forecast that The Home Depot, Inc. will post 14.97 earnings per share for the current year.
Home Depot Announces Dividend
The company 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. 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%.
Insider Buying and Selling at Home Depot
In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of Home Depot stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value of $440,221.18. Following the completion of the transaction, the executive vice president now owns 13,958 shares of the company’s stock, valued at $4,090,950.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by corporate insiders.
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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