The Home Depot, Inc. (NYSE:HD) Shares Purchased by Legacy Financial Strategies LLC

Legacy Financial Strategies LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 785 shares of the home improvement retailer’s stock after acquiring an additional 30 shares during the period. Legacy Financial Strategies LLC’s holdings in Home Depot were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in HD. Wealth Group Ltd. raised its holdings in shares of Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after purchasing an additional 27 shares in the last quarter. Tallon Kerry Patrick bought a new stake in shares of Home Depot in the 4th quarter worth approximately $281,000. Capital & Planning LLC raised its holdings in shares of Home Depot by 110.2% in the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock worth $418,000 after purchasing an additional 563 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of Home Depot by 0.7% in the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer’s stock worth $1,765,000 after purchasing an additional 32 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.1%

Home Depot stock opened at $367.85 on Friday. The firm has a market cap of $365.65 billion, a PE ratio of 24.99, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm’s 50 day moving average price is $360.92 and its two-hundred day moving average price is $386.04. The Home Depot, Inc. has a twelve month low of $323.93 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted 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 business had revenue of $39.86 billion during 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%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.63 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on HD shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, May 20th. DA Davidson dropped their target price on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Wells Fargo & Company dropped their target price on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Finally, Guggenheim restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $426.77.

Insiders Place Their Bets

In related 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 completion of the sale, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot 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.