The Home Depot, Inc. (NYSE:HD) Stock Position Lifted by Proficio Capital Partners LLC

Proficio Capital Partners LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,096 shares of the home improvement retailer’s stock after purchasing an additional 310 shares during the quarter. Proficio Capital Partners LLC’s holdings in Home Depot were worth $3,870,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Kampmann Melissa S. acquired a new stake in Home Depot in the 3rd quarter valued at about $1,391,000. Tompkins Financial Corp lifted its stake in Home Depot by 8.4% during the third quarter. Tompkins Financial Corp now owns 32,219 shares of the home improvement retailer’s stock valued at $9,735,000 after purchasing an additional 2,508 shares during the last quarter. Brown Shipley& Co Ltd boosted its holdings in Home Depot by 7.2% during the third quarter. Brown Shipley& Co Ltd now owns 2,677 shares of the home improvement retailer’s stock worth $809,000 after buying an additional 179 shares in the last quarter. Carlson Capital Management grew its position in Home Depot by 14.9% in the third quarter. Carlson Capital Management now owns 2,287 shares of the home improvement retailer’s stock worth $691,000 after buying an additional 297 shares during the last quarter. Finally, Rooted Wealth Advisors Inc. increased its holdings in shares of Home Depot by 33.0% in the third quarter. Rooted Wealth Advisors Inc. now owns 952 shares of the home improvement retailer’s stock valued at $293,000 after buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Down 0.8 %

Shares of HD stock traded down $2.61 on Tuesday, hitting $336.99. The company’s stock had a trading volume of 2,254,285 shares, compared to its average volume of 3,434,497. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The stock has a market capitalization of $334.16 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.31 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm’s fifty day moving average price is $338.58 and its 200-day moving average price is $352.07.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the previous year, the firm earned $3.82 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Research analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is 60.36%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HD shares. Wells Fargo & Company reduced their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. Guggenheim restated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and upped their price objective for the company from $352.00 to $395.00 in a research note on Wednesday, June 26th. Finally, TD Cowen dropped their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.