The Home Depot, Inc. (NYSE:HD) Shares Sold by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 17,776 shares of the home improvement retailer’s stock after selling 1,043 shares during the quarter. Home Depot accounts for 2.5% of S.E.E.D. Planning Group LLC’s holdings, making the stock its 17th largest holding. S.E.E.D. Planning Group LLC’s holdings in Home Depot were worth $6,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of HD. Bare Financial Services Inc purchased a new position in shares of Home Depot during the 4th quarter worth about $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC raised its holdings in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the period. Finally, Gilfoyle & Co LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $35,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 0.8 %

HD traded up $2.75 during trading on Friday, reaching $344.24. The company had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. The firm’s 50-day simple moving average is $338.51 and its 200 day simple moving average is $352.60. The company has a market cap of $341.35 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.36 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the previous year, the business posted $3.82 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is presently 60.36%.

Analysts Set New Price Targets

Several research analysts recently commented on HD shares. Wells Fargo & Company cut their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. UBS Group decreased their price objective on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Mizuho started coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. Evercore ISI lifted their price objective on shares of Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Raymond James reiterated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. One 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $378.42.

Insider Buying and Selling at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.