Investor s Fiduciary Advisor Network LLC Has $1.07 Million Stake in The Home Depot, Inc. (NYSE:HD)

Investor s Fiduciary Advisor Network LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 16.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,917 shares of the home improvement retailer’s stock after selling 584 shares during the quarter. Investor s Fiduciary Advisor Network LLC’s holdings in Home Depot were worth $1,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Navigoe LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $29,000. Quarry LP grew its position in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $39,000. Spurstone Advisory Services LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $45,000. Finally, Vega Investment Solutions acquired a new stake in Home Depot during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares of the company’s stock, 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 can be accessed through this link. 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 value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 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 currently owned by insiders.

Home Depot Stock Down 0.1%

Shares of HD opened at $371.36 on Friday. The company has a market capitalization of $369.47 billion, a PE ratio of 25.19, a PEG ratio of 3.53 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The stock’s 50-day moving average price is $365.14 and its two-hundred day moving average price is $376.21. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s payout ratio is presently 62.42%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 target price (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Mizuho lowered their target price on Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a research note on Wednesday, May 21st. Stifel Nicolaus raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their target price for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Guggenheim reissued a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Monday, June 30th. Seven equities research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $426.77.

About Home Depot

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.