Vista Capital Partners Inc. Acquires New Shares in The Home Depot, Inc. (NYSE:HD)

Vista Capital Partners Inc. bought a new position in shares of The Home Depot, Inc. (NYSE:HD) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 593 shares of the home improvement retailer’s stock, valued at approximately $227,000.

Several other institutional investors also recently modified their holdings of HD. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in shares of Home Depot in the third quarter worth about $329,000. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in Home Depot during the 3rd quarter worth approximately $4,461,000. Quantum Financial Advisors LLC boosted its holdings in shares of Home Depot by 38.6% in the third quarter. Quantum Financial Advisors LLC now owns 2,174 shares of the home improvement retailer’s stock valued at $657,000 after buying an additional 606 shares during the period. Neo Ivy Capital Management increased its position in shares of Home Depot by 137.0% during the third quarter. Neo Ivy Capital Management now owns 11,936 shares of the home improvement retailer’s stock worth $3,607,000 after acquiring an additional 6,899 shares in the last quarter. Finally, Scarborough Advisors LLC raised its holdings in shares of Home Depot by 63.4% during the third quarter. Scarborough Advisors LLC now owns 1,660 shares of the home improvement retailer’s stock worth $501,000 after acquiring an additional 644 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Shares of NYSE HD opened at $355.01 on Friday. 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 firm has a market cap of $352.03 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 2.38 and a beta of 0.98. The stock’s fifty day moving average price is $339.19 and its two-hundred day moving average price is $352.02. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the prior year, the company posted $3.82 earnings per share. Home Depot’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Citigroup lowered their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Tuesday, May 14th. Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. HSBC decreased their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company decreased their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company 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.