Family Investment Center Inc. Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Family Investment Center Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 21.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,843 shares of the home improvement retailer’s stock after buying an additional 327 shares during the period. Family Investment Center Inc.’s holdings in Home Depot were worth $675,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Alta Wealth Advisors LLC purchased a new position in shares of Home Depot in the 1st quarter valued at $214,000. Beacon Financial Advisory LLC boosted its stake in Home Depot by 1.9% during the 1st quarter. Beacon Financial Advisory LLC now owns 1,644 shares of the home improvement retailer’s stock worth $603,000 after purchasing an additional 30 shares during the period. Hidden Cove Wealth Management LLC boosted its stake in Home Depot by 2.8% during the 1st quarter. Hidden Cove Wealth Management LLC now owns 1,349 shares of the home improvement retailer’s stock worth $494,000 after purchasing an additional 37 shares during the period. Tanager Wealth Management LLP boosted its stake in Home Depot by 28.0% during the 1st quarter. Tanager Wealth Management LLP now owns 945 shares of the home improvement retailer’s stock worth $346,000 after purchasing an additional 207 shares during the period. Finally, Falcon Wealth Planning boosted its stake in Home Depot by 2.9% during the 1st quarter. Falcon Wealth Planning now owns 3,204 shares of the home improvement retailer’s stock worth $1,174,000 after purchasing an additional 89 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $410.00 to $418.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Stifel Nicolaus upgraded shares of Home Depot from a “hold” rating to a “buy” rating and increased their price target for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. DA Davidson decreased their price target on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Wells Fargo & Company decreased their price target on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Finally, TD Securities cut shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $426.77.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president now owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Stock Performance

Shares of HD opened at $363.70 on Friday. The company has a 50-day simple moving average of $363.28 and a 200-day simple moving average of $378.21. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The company has a market capitalization of $361.85 billion, a PE ratio of 24.67, a P/E/G ratio of 3.44 and a beta of 1.02. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company earned $3.63 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

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.