Ables Iannone Moore & Associates Inc. Has $5.30 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Ables Iannone Moore & Associates Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,464 shares of the home improvement retailer’s stock after acquiring an additional 499 shares during the period. Home Depot makes up about 3.6% of Ables Iannone Moore & Associates Inc.’s portfolio, making the stock its 8th largest holding. Ables Iannone Moore & Associates Inc.’s holdings in Home Depot were worth $5,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter valued at approximately $28,000. Navigoe LLC bought a new position in Home Depot in the 4th quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the 4th quarter valued at approximately $32,000. Finally, Quarry LP lifted its stake in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HD shares. Mizuho dropped their price objective on shares of 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 price objective for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, May 20th. Finally, TD Securities reissued a “buy” rating and issued a $470.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Stock Down 0.1%

Shares of Home Depot stock opened at $367.85 on Friday. The firm has a market cap of $365.65 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 4.03 and a beta of 1.05. The stock’s 50-day moving average is $360.92 and its 200 day moving average is $386.04. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a one year low of $323.93 and a one year high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.63 earnings per share. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.50%. Home Depot’s payout ratio is 62.42%.

Insiders Place Their Bets

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

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.