Glassman Wealth Services Sells 38 Shares of The Home Depot, Inc. (NYSE:HD)

Glassman Wealth Services lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,986 shares of the home improvement retailer’s stock after selling 38 shares during the quarter. Home Depot makes up 0.3% of Glassman Wealth Services’ portfolio, making the stock its 25th largest holding. Glassman Wealth Services’ holdings in Home Depot were worth $2,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HD. Victory Capital Management Inc. boosted its stake in shares of Home Depot by 6.9% during the 3rd quarter. Victory Capital Management Inc. now owns 611,392 shares of the home improvement retailer’s stock worth $184,738,000 after acquiring an additional 39,663 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Home Depot by 92.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 91,960 shares of the home improvement retailer’s stock valued at $27,787,000 after buying an additional 44,130 shares in the last quarter. Kelleher Financial Advisors lifted its stake in shares of Home Depot by 19.1% during the 3rd quarter. Kelleher Financial Advisors now owns 811 shares of the home improvement retailer’s stock valued at $245,000 after buying an additional 130 shares in the last quarter. Parsons Capital Management Inc. RI lifted its stake in shares of Home Depot by 0.6% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 47,750 shares of the home improvement retailer’s stock valued at $14,428,000 after buying an additional 268 shares in the last quarter. Finally, XML Financial LLC lifted its stake in shares of Home Depot by 5.8% during the 3rd quarter. XML Financial LLC now owns 8,539 shares of the home improvement retailer’s stock valued at $2,580,000 after buying an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. DA Davidson restated a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research note on Monday, April 1st. Wells Fargo & Company decreased their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. The Goldman Sachs Group boosted their price target on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. UBS Group decreased their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $377.46.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Down 0.5 %

Shares of HD traded down $1.79 during mid-day trading on Friday, hitting $325.10. The company’s stock had a trading volume of 2,736,871 shares, compared to its average volume of 3,545,034. The company’s 50-day moving average is $350.54 and its 200-day moving average is $347.93. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market capitalization of $322.37 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.25 and a beta of 1.01. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the prior year, the company posted $3.82 earnings per share. Home Depot’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.31 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.77%. Home Depot’s payout ratio is 60.36%.

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.