Achmea Investment Management B.V. Acquires 12,956 Shares of The Home Depot, Inc. (NYSE:HD)

Achmea Investment Management B.V. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,643 shares of the home improvement retailer’s stock after buying an additional 12,956 shares during the quarter. Home Depot comprises about 0.7% of Achmea Investment Management B.V.’s holdings, making the stock its 29th largest position. Achmea Investment Management B.V.’s holdings in Home Depot were worth $49,346,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HD. Navigoe LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $29,000. Quarry LP raised its position in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 66 shares in the last quarter. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot during the 4th quarter worth $39,000. NewSquare Capital LLC grew its position in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after acquiring an additional 68 shares in the last quarter. Finally, Spurstone Advisory Services LLC bought a new position in Home Depot in the fourth quarter valued at $45,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction on 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 approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of several research analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. TD Securities downgraded Home Depot to a “buy” rating in a research report on Monday, June 2nd. DA Davidson dropped their target price on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Robert W. Baird reduced their price target on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Finally, Mizuho reduced their price objective on Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Trading Up 1.3%

HD opened at $368.36 on Friday. 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 stock has a market cap of $366.49 billion, a PE ratio of 24.99, a PEG ratio of 3.46 and a beta of 1.02. The business has a 50 day moving average of $363.55 and a 200-day moving average of $377.83. 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 released its 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). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. During the same quarter in the previous year, the business posted $3.63 earnings per share. Home Depot’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. Home Depot’s dividend payout ratio 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.