The Home Depot, Inc. (NYSE:HD) Shares Sold by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 92.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 288 shares of the home improvement retailer’s stock after selling 3,623 shares during the period. Alpha DNA Investment Management LLC’s holdings in The Home Depot were worth $87,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HD. Westchester Capital Management Inc. acquired a new position in The Home Depot during the 4th quarter valued at about $33,000. Bouvel Investment Partners LLC acquired a new position in The Home Depot during the 4th quarter valued at about $33,000. Winch Advisory Services LLC increased its stake in The Home Depot by 139.6% during the 4th quarter. Winch Advisory Services LLC now owns 127 shares of the home improvement retailer’s stock valued at $34,000 after buying an additional 74 shares during the period. Grant Street Asset Management Inc. acquired a new position in The Home Depot during the 4th quarter valued at about $42,000. Finally, Paradigm Strategies in Wealth Management LLC acquired a new position in The Home Depot during the 1st quarter valued at about $52,000. 69.48% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Matt Carey sold 113,138 shares of the business’s stock in a transaction on Monday, May 24th. The shares were sold at an average price of $316.00, for a total transaction of $35,751,608.00. Following the transaction, the executive vice president now owns 78,594 shares of the company’s stock, valued at $24,835,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Several research firms have recently weighed in on HD. UBS Group raised their price objective on shares of The Home Depot from $305.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, April 14th. Zelman & Associates lowered shares of The Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, April 15th. Jefferies Financial Group raised their price objective on shares of The Home Depot from $325.00 to $374.00 and gave the company a “buy” rating in a research report on Friday, May 14th. Morgan Stanley raised their target price on shares of The Home Depot from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, May 24th. Finally, Credit Suisse Group raised their target price on shares of The Home Depot from $319.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, May 25th. Five equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $325.21.

NYSE:HD opened at $308.31 on Friday. The Home Depot, Inc. has a 12 month low of $234.31 and a 12 month high of $345.69. The company has a market capitalization of $327.81 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.05. The company has a debt-to-equity ratio of 19.85, a quick ratio of 0.41 and a current ratio of 1.11. The company has a 50 day moving average price of $320.26.

The Home Depot (NYSE:HD) last released its quarterly earnings results on Monday, May 17th. The home improvement retailer reported $3.86 EPS for the quarter, beating the Zacks’ consensus estimate of $3.08 by $0.78. The Home Depot had a net margin of 10.45% and a return on equity of 963.88%. The company had revenue of $37.50 billion for the quarter, compared to analyst estimates of $33.68 billion. During the same quarter last year, the firm posted $2.08 earnings per share. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. As a group, research analysts expect that The Home Depot, Inc. will post 13.9 EPS for the current fiscal year.

The Home Depot declared that its Board of Directors has initiated a share buyback program on Thursday, May 20th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to buy up to 5.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 17th. Investors of record on Thursday, June 3rd will be given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, June 2nd. The Home Depot’s dividend payout ratio (DPR) is currently 54.86%.

The Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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